INDUS.AI (Acquired by Procore Technologies)

INDUS.AI offers a construction intelligence platform that enables developers, project managers, and general contractors to optimize labor, equipment, and materials, thus ensuring that construction projects stay on budget. The software utilizes a proprietary machine vision neural network to accurately recognize over 100 types of construction equipment and activities, using live video streams from secure IP cameras to identify inefficiencies on construction sites.

Founded in 2017, INDUS.AI has garnered substantial attention in the AI, SaaS, Construction, and Machine Learning sectors. The company's last investment round, a $8.00M Series A investment on 18 September 2019, attracted notable investors including Foundamental, Spero Ventures, BootstrapLabs, GroundBreak Ventures, Millennium New Horizons, UP2398, and Bossanova Investimentos.

With offices in San Francisco and Toronto, the acquisition by Procore Technologies further solidifies INDUS.AI's position as a leader in utilizing advanced real-time project controls for enhancing construction efficiency and accuracy.