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New capabilities will help construction teams identify risks earlier, simulate real-world conditions, and protect schedules on complex projects

ORLANDO, Fla.--(BUSINESS WIRE)--Today at Groundbreak 2026, Procore Technologies, Inc. (NYSE: PCOR), the leading global provider of construction management software, announced the next phase of its collaboration with NVIDIA, bringing advanced digital twin capabilities to complex construction projects. Currently in closed beta, teams can now move seamlessly between Procore’s Model Manager and Realism Mode, powered by NVIDIA Omniverse libraries, to visualize projects in a highly-realistic 3D environment and explore how real-world conditions, such as extreme weather, could impact construction before they happen on the jobsite. By identifying potential problems earlier, teams can make adjustments before they lead to costly rework, delays, or schedule disruption.

The global economy is currently entering one of the largest infrastructure build cycles in history, fueled by trillions of dollars flowing into AI, data centers, and energy systems. Companies are projected to invest nearly $7 trillion in data center infrastructure alone by 2030. As demand accelerates, construction capacity and workforce constraints will threaten to slow the delivery of the facilities needed to power AI. Meeting that demand will require not only building faster, but building more efficiently, reducing waste, making better use of resources, and bringing better planning and predictability to complex projects.

“Construction is inherently physical, but in the future, the most successful and resilient megaprojects will be built digitally first,” said Steve Davis, president of product & technology at Procore. “As the leader in construction management software, Procore is deepening our collaboration with AI leader NVIDIA, to empower teams to visualize projects, simulate real-world conditions, and test variables before a single shovel hits the ground.”

“Building an AI factory requires thousands of decisions across power, cooling, compute, networking and physical infrastructure,” said Vladimir Troy, vice president of AI Infrastructure at NVIDIA. “NVIDIA Omniverse lets teams simulate these systems before construction begins, identify problems earlier and make better decisions before they become costly changes in the field. Together, Procore and NVIDIA are connecting simulation with project data to reduce risk and move faster from design to operation.”

The collaboration between Procore and NVIDIA advances Procore’s system of intelligence, helping construction teams see, understand, and act on connected project information. Procore’s acquisition of DroneDeploy expands what teams can see, bringing aerial and ground-based imagery together with project data to show what’s actually happening on the jobsite. Powered by NVIDIA Omniverse libraries, Procore’s digital twin capabilities help teams understand how real-world conditions and project changes could impact construction before they happen in the field. Procore AI turns that intelligence into action, helping teams identify risks, make informed decisions, and address potential issues before they become costly delays.

Together, these new technologies unlock new capabilities for construction teams, including:

Compare what was designed with what’s actually being built. Reality capture from DroneDeploy can bring real-world jobsite conditions into the digital twin, helping teams compare construction progress against the design, spot discrepancies earlier and make more informed decisions before issues compound in the field. See how one disruption could ripple through the schedule. By connecting 3D models with procurement and schedule information, teams can understand how changes such as a delayed material delivery or equipment installation could affect downstream work—giving them more time to adjust sequencing and protect critical project milestones. Test real-world scenarios before construction begins. Teams can simulate how extreme weather, sun exposure and the movement of crews and equipment could affect construction plans, helping them identify potential conflicts and make adjustments before they cause costly delays in the field. Switch, a leading designer, builder, and operator of advanced data centers and a joint customer of Procore and NVIDIA, recognizes the significant potential for 3D visualization to transform the planning and execution of complex construction projects.

“When building at the pace and scale our customers require, there is no room for surprises in the field,” said Corine Winfield, VP Data Operations at Switch. “By visualizing a project in 3D, our teams gain greater clarity into construction progress, make better-informed decisions earlier and keep complex initiatives on schedule.”

Together, Procore and NVIDIA are advancing a new era of construction intelligence, where teams can do more than visualize what’s happening on a jobsite. By combining real-world project data with AI-powered simulation, construction teams can explore what could happen next, understand the impact of critical decisions and take action before risks become costly realities.

Availability

The Procore and NVIDIA integration is currently in closed beta. Additional Procore spatial and asset capabilities, including Model Manager and Commissioning, are progressing through beta, alongside Procore’s planned integration with IBM Maximo.

To learn more, visit: procore.com/offer/demo/nvidia.

About Procore

Procore Technologies, Inc. (NYSE: PCOR) is the leading technology partner for every stage of construction. Built for the industry, Procore’s unified technology platform drives efficiency and helps mitigate risk through AI & data-driven insights and decision making. Over three million projects have run on Procore across 150+ countries. For more information, visit www.procore.com.

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Prequal for All Gives Risk Teams and Project Teams One Source of Subcontractor Risk

, /PRNewswire/ -- Bespoke Metrics today announced that Procore Technologies, Inc. (NYSE: PCOR), a leading global provider of construction management software, has named COMPASS its preferred subcontractor prequalification solution. The expanded partnership launches Prequal for All and is available to Procore customers today.

Prequal for All makes COMPASS prequalification available to every general contractor and subcontractor working in Procore. Subcontractors complete one standardized prequalification profile, keep it current, and share it with any general contractor they choose, joining more than 150,000 subcontractors already on COMPASS.

COMPASS analyzes each subcontractor's financial, safety, insurance, and operational information and produces the COMPASS Q Score (the Construction Credit Score) with recommended prequalification outcomes. Risk teams set standards and review exceptions in COMPASS, while project teams see the results in Procore, where work is bid and awarded.

"Prequalification is a critical risk management function that demands purpose-built tools and a data-rich platform," said Geoff Lewis, Senior Vice President of Product at Procore. "By deepening our partnership with Bespoke Metrics, and further integrating their insights directly into Procore's AI-powered platform, we are able to replace passive, static forms with active, modern risk intelligence. Together, we are enhancing the value we deliver to mutual customers by enabling them to make smarter and faster risk management decisions."

COMPASS is one of the first partners connected to Procore through the Model Context Protocol (MCP), the emerging standard for how AI systems share information. Bespoke Metrics and Procore are building on that connection with agentic AI prequalification, starting with a COMPASS Risk Agent expected later this year. From bid to award, this new agent will enable project teams to see where every subcontractor stands without leaving Procore.

The principle is simple: risk intelligence should travel, sensitive data should not. Subcontractors control which general contractors can see their COMPASS profile, and their financial statements stay in COMPASS. What reaches Procore is the result: the Q Score and prequalification outcomes.

"Lenders don't lend without a credit score. Yet construction still qualifies most of its trade partners with a stack of forms," said Michael Ho, Founder and CEO of Bespoke Metrics. "Making COMPASS the preferred prequalification solution inside Procore puts an independent risk rating at the center of how contractors choose who they build with. That's good for general contractors, and even better for the subcontractors who earn it."

About Bespoke Metrics

COMPASS by Bespoke Metrics is the largest global construction prequalification network, connecting 400+ general contractors and 150,000+ subcontractors across 33 countries and representing more than $1 trillion in annual construction volume. COMPASS applies a standardized approach to data collection, verification, and subcontractor assessment to manage risk across the construction supply chain. Subcontractors maintain one secure profile, control which General Contractors can access it, and generate their COMPASS Q Score (the Construction Credit Score) reflecting their operational expertise, financial capacity, and health and safety track record. Learn more at compass.bespokemetrics.com. 

SOURCE COMPASS Holding Canada Inc.

Reversal in play for Procore TechnologiesProcore Technologies NYSE: PCOR reported second-quarter results that exceeded its guidance, driven by broad-based demand, large contract wins and growth in international markets, while the construction software company also outlined an expanded artificial intelligence strategy centered on its planned acquisition of DroneDeploy.

Revenue for the second quarter totaled $375 million, up 15.8% from a year earlier, according to CFO Rachel Pyles. The company exceeded the high end of its revenue guidance by approximately 2.5%. International revenue rose 23% year over year, or 19% on a constant-currency basis.

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Procore generated non-GAAP operating income of $81 million, producing a 21.5% non-GAAP operating margin, an improvement of 800 basis points from the prior-year period. Free cash flow reached $65 million, up 507% year over year. Pyles said the quarter also marked Procore’s first period of GAAP operating profitability.

Guidance Raised and Margin Targets Set The company raised its full-year outlook for its organic business. Procore now expects 2026 revenue of $1.51 billion to $1.514 billion, representing 14.5% year-over-year growth at the high end of the range. It forecasts full-year non-GAAP operating margin of 18.5% to 19%, 50 basis points above its previous outlook, and free-cash-flow margin of 19.5%.

For the third quarter, Procore forecast revenue of $382 million to $384 million, representing 13.3% year-over-year growth at the high end, and a non-GAAP operating margin of 19% to 19.5%.

Pyles also introduced a fiscal 2027 non-GAAP operating-margin target of 25%, which she said would represent nearly 1,100 basis points of improvement from fiscal 2025. She emphasized that the target reflects confidence in the company’s cost structure rather than a revenue forecast, which Procore plans to provide in its normal planning cycle.

“This quarter’s performance is an initial step in a broader trajectory of profitable growth,” Pyles said.

DroneDeploy Deal Expands AI Strategy Procore announced an agreement to acquire DroneDeploy for $845 million in cash. DroneDeploy provides reality-capture and robotic-automation technology, including tools using drones, ground robots, mobile devices and cameras to collect and analyze visual data from job sites.

DroneDeploy has generated approximately $78 million in trailing 12-month revenue, Pyles said. Procore expects the acquisition to be accretive to organic revenue growth and said it expects to absorb the near-term margin impact without changing its fiscal 2026 or fiscal 2027 margin outlook. The transaction is expected to close later in 2026.

The company has arranged committed bridge financing for most of the purchase price while it evaluates its longer-term capital structure, Pyles said. Procore’s financial outlook does not include any expected contribution from DroneDeploy.

President and CEO Ajei Gopal said the acquisition is intended to add “perception” capabilities to Procore’s AI strategy, allowing construction workflows to incorporate visual information captured by cameras, drones and robots. He described the company’s longer-term goal as developing digital coworkers that can collect information, reason over it and initiate actions within Procore’s collaborative platform.

DroneDeploy has captured 20 trillion square feet of visual construction data, Gopal said, including user annotations, construction-progress labels and more than 100,000 labeled safety issues. The company operates on more than 3 million job sites in over 180 countries, according to Procore.

Procore and DroneDeploy already share nearly 600 customers, including Skanska and Turner. Gopal said Procore sees a near-term cross-selling opportunity among its thousands of existing customers that do not currently use DroneDeploy.

AI Products Move Into Broader Sales Effort The DroneDeploy deal follows Procore’s January acquisition of Datagrid. After that acquisition, Procore integrated Datagrid’s technology and launched Procore AI through a limited specialist sales effort before expanding availability to the broader go-to-market organization.

Procore said it now offers 20 pre-built AI agents designed for construction workflows. The company cited early adopters including Haskell, Level 10 Construction and Consigli. At Consigli, Procore said AI tools used for tasks such as reviewing submittals, drafting requests for information and searching drawings reduced certain workflows substantially during tests; the contractor is now deploying Procore AI across 50 projects.

Gopal said Procore’s starter packages are intended to offer customers a lower-friction way to adopt AI tools in a limited number of projects and workflows before expanding use.

“The product has just gone GA, now it’s available to the broader sales force to position with their customers,” Gopal said, referring to general availability.

Data Centers and International Expansion Support Growth Procore said it continues to outperform an uneven construction market. Gopal noted weakness in some sectors, including manufacturing, while data-center construction has remained especially strong amid investment tied to artificial intelligence.

The company said nine of the 10 largest North American data-center sites use Procore during construction. In the second quarter, Procore closed its largest contract in Europe, the Middle East and Africa: a nearly $7 million agreement with a European builder of hyperscale AI data centers operating across Europe, the United States and Asia-Pacific.

Procore also signed a contract with the King Salman International Airport project in Saudi Arabia, which will use the platform for unified digital construction management with strategic delivery partner TASAMA.

International business accounts for about 15% of Procore’s operations, while roughly 85% is domestic, Gopal said. The company is pursuing targeted expansion by pairing localized products, including its recently launched common data environment for Europe, with an expanded international go-to-market approach.

About Procore Technologies (NYSE:PCOR)Procore Technologies, Inc engages in the provision of a cloud-based construction management platform and related software products in the United States and internationally. The company's platform enables owners, general and specialty contractors, architects, and engineers to collaborate on construction projects. It offers Preconstruction that facilitates collaboration between internal and external stakeholders during the planning, budgeting, estimating, bidding, and partner selection phase of a construction project; and Project Execution, which enables real-time collaboration, information storage, design, BIM model clash detection, and regulation compliance for teams on the jobsite and in the back office.

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