User:Extraface/sandbox/procore
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| Industry | Construction Software |
|---|---|
| Founded | 2003 |
| Headquarters | |
Key people | Craig "Tooey" Courtemanche (CEO) Steve Zahm (President) |
| Website | www.procore.com |
Procore Technologies is a construction project management software company founded in 2003, with headquarters in Carpinteria, CA. The campus is situated on a 9-acre oceanfront property. Procore expanded their offices in 2015 to encompass 61,079 square feet[1]. According to architecture firm Kingdom Industry who designed the new space, the office was intentionally designed to feel spatially chaotic and elicit alertness and adaptability in employees[2].
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Yuliya Chernova reported in the Wall Street Journal that Procore's investors include Venture Capital firm Bessemer Venture Partners, and that they valued the company at "$500 Million post-money."[3]
Software
[edit]Procore’s project management software includes features such as meeting minutes, drawing markups and document storage[4], all designed to support input from a number of sources including forwarded emails and PDFs[5]. They have also developed innovative partner integrations including one with Botlink(a joint venture by Packet Digital) that allows users to stream in both video and data from drones surveying their construction projects.[6]
Unlike other software offerings in the space, customers are charged per project instead of per user.[4]
Procore's offerings also include an App Marketplace for partner integrations. Partners include Box, Botlink[7], and Dexter + Chaney, an ERP provider.[8]
History
[edit]Founder and CEO Craig "Tooey" Courtemanche created the software that became Procore as a response to his struggles to manage the construction of his new home in Santa Barbara, from his then-current home in Silicon Valley.[3]
The company had 6 employees at the time of its founding in 2003, originally headquartered in Montecito, CA[5].
In each year since 2010, Procore’s revenue has grown by at least 100 percent, coming in at $4.8 million in 2012[5]. Procore has not publicly disclosed revenue figures since, but as of the end of 2015, the company had 1600 clients, and projects to make more than $75 million in revenue from paid users in 2016[3].
Reception
[edit]Software review company Software Advice ranked Procore the #1 most popular construction software[9], based on number of users, search traffic, and social media presence. Procore's office was included in a list of the 11 best office spaces in the U.S.[10]
[:[Category:Technology companies of the United States]] [:[Category:Software companies based in California]] [:[Category:Construction software]] [:[Category:Architectural communication]] [:[Category:Construction documents]]
- ^ Hoagland, Ted (7 Jan 2016). "Carpinteria's Oceanfront CKE Campus Leases Filled in Fourth Quarter". Noozhawk. Malamute Ventures. Retrieved 6 May 2016.
- ^ Rhodes, Margaret (30 June 2015). "The Startup That Designed Its Office To Confuse Workers". Wired. Conde Nast. Retrieved 5 May 2016.
- ^ a b c Chernova, Yuliya (31 Dec 2015). "Startup Procore's Valuation Nears That of Public Competitor Textura". Wall Street Journal. Retrieved 5 May 2016.
- ^ a b Slowey, Kim. "Procore offers daily data with launch of Construction Health Indicator". Construction Dive. Industry Dive. Retrieved 6 May 2016.
- ^ a b c Nellis, Stephen (20 June 2014). "Procore to build out South Coast operations with $15M Bessemer raise". Pacific Coast Business Times. Retrieved 5 May 2016.
- ^ Miller, Patrick (3 Mar 2016). "Botlink: Data isn't a problem for well-connected drones". UAS Magazine. Retrieved 6 May 2016.
- ^ Anderson, James (24 Feb 2016). "Procore Launches App Marketplace, Partner Program For Construction Industry". Channel Partners. Informa Exhibitions. Retrieved 6 May 2016.
- ^ "Dexter + Chaney and Procore Partner to Offer Integrated Project Management". The NEWS. BNP Media. 2 Mar 2016. Retrieved 6 May 2016.
- ^ Finch, Janna (2 Dec 2015). "Procore Tops 10 Most Popular Construction Software Products". ForConstructionPros.com. AC Business Media. Retrieved 5 May 2016.
- ^ Jez, Karolina (26 Aug 2015). "Design Love: 11 of the Best Office Spaces in the United States". Notable.ca. Notable TV Corp. Retrieved 11 May 2016.