computer science

Procore

Procore is a computer science topic covered in the lgStudy science library. This page brings together a partial reference excerpt, illustrations, worked examples, real-world applications and a short study plan, so you can understand Procore rather than just read about it. In short: Procore Technologies is an American construction management software as a service company founded in 2002, with headquarters in Carpinteria, California. Procore hosts a platform to connect those involved in the construction industry on a global platform.

Key takeaways

Procore belongs to computer science; place it in that map before memorising details.
Learn the definition first, then one example that makes the definition concrete.
Connect Procore to a quantity you can measure, compute or draw — that is where exam questions come from.
Reproduce the core statement of Procore from memory before moving on to harder problems.

Reference excerpt

Procore Technologies is an American construction management software as a service company founded in 2002, with headquarters in Carpinteria, California. Procore hosts a platform to connect those involved in the construction industry on a global platform. The software allows for the creation of simplified workflows and displays a consolidated view of construction products that includes the tracking of tasks, management of project workflows, and scheduling.

History Founder and CEO Craig "Tooey" Courtemanche started his career as a carpenter and served as a real estate developer, before starting a tech company in Silicon Valley. When building his home in Santa Barbara, Tooey realized that he could apply his technology background in the field of construction. The app he built served to better manage the construction process. Founded in 2002, the company was originally headquartered in Carpinteria, California. Steve Zahm, founder of the e-learning company DigitalThink, joined Procore as president in 2004. Procore's revenue in 2012 was $4.8 million. In 2020, it was $400 million. The estimated revenue for 2024 is $1 billion. The company initially filed to go public in 2019, with plans to launch the IPO in 2020, but delayed the offering due to the coronavirus pandemic. Procore stock began trading under stock ticker PCOR on May 20, 2021 at $67 per share. The initial public offering raised $634.5 million. Following the IPO, the company was valued at nearly $11 billion. As of May 2021, the company has over 10,000 customers, and over 2 million users of its products in more than 150 countries. Procore's main campus is on a 9-acre oceanfront property in Carpinteria, California. As of 2023, Procore had ten offices around the globe, including those in North America, Asia and Europe. The company has around 4,000 employees.

Investors and acquisitions In 2014, Bessemer Venture Partners led a $15 million investment round. In 2015, the company raised an additional $30 million in a round led by Bessemer and Iconiq Capital. In 2015, the Wall Street Journal reported the company to be worth "$500 million post-money." In 2016, the company raised $50 million in a round led by Iconiq, reaching a $1 billion valuation. In 2018, the company raised an additional $75 million, and in 2020, it raised over $150 million. In total, the company raised nearly $500 million from 2007 through its IPO in 2021. In July 2019, Procore acquired US project management software group Honest Buildings. In October 2020, it acquired US estimating software provider Esticom. Procore acquired construction artificial intelligence companies Avata Intelligence in 2020, and INDUS.AI in 2021.

Software Procore provides end-to-end construction management software for owners, general contractors, and specialty contractors. It has a unified platform with solutions for various phases of work—including preconstruction, project management, workforce management, and financial management—as well as analytics. Procore also connects to third-party integrations through its App Marketplace. Procore uses AI in its platform. Two of the ways Procore is using AI are through Procore Copilot and Agents. Copilot is a generative AI tool that allows users to retrieve information from and summarize project documents. Procore Agents streamlines processes such as managing RFIs, scheduling, and submittals to automate tasks and reduce manual data entry. These AI tools support workflows across the full project lifecycle.

Philanthropy Through Procore.org, the company has partnered with Habitat for Humanity and provides the Christian NGO "with unlimited use of Procore’s suite of products, including Project Management, Quality & Safety and Construction Financials as an in-kind donation." Procore.org has donated software to schools, in addition to helping women who are interested in the field of technology as it relates to construction. In September 2024, Procore sponsored the PGA Tour event in Napa.

References

External links Official website

Worked examples

Example 1 — a first encounter with Procore

Start with the simplest possible case. Write down what Procore claims or describes in one sentence, then invent the smallest concrete situation in which that sentence is true. In computer science, the smallest case is usually a single object, a single equation or a single measurement. Check that every symbol or term in your sentence has a meaning in that case.

Example 2 — changing one variable

Take the situation from Example 1 and change exactly one quantity: double it, halve it, or set it to zero. Predict what should happen to Procore before you calculate. Comparing your prediction with the result is the fastest way to find out whether you understand the idea or only the words.

Example 3 — an exam-style question

Typical questions about Procore ask you to (a) state it precisely, (b) apply it to given data, and (c) explain a limitation. Practise writing all three answers in under five minutes; the third part is what separates a full-mark answer from an average one.

Applications of Procore

In research: Procore appears in computer science research whenever the underlying quantities have to be modelled precisely. Papers usually cite it as a starting assumption and then explore where it breaks down.
In technology and industry: Engineering practice reuses Procore in design rules, simulations and safety margins. Knowing the idea lets you read a specification sheet and understand why the numbers look the way they do.
In the classroom: Procore is common in secondary-school and first-year university syllabi. It links to neighbouring topics 2002 establishments in California, 2021 initial public offerings, American companies established in 2002, so understanding it makes those chapters shorter.
In everyday life: Look for Procore outside the textbook — in sport, cooking, traffic, electronics or the sky above you. An example you found yourself is remembered far longer than one you were given.

Ask Teacher Smith questions about this articleOpens your AI tutor with a question about “Procore” →

Affiliate

Preply — study more efficiently by working with a personal tutor. 50% off.

How to study Procore in 20 minutes

Read the reference excerpt below once, without taking notes.
Close the page and write down what Procore means in your own words.
Compare your version with the excerpt and mark what you missed.
Work through the three examples above with pen and paper.
Explain Procore out loud to somebody else — or to Teacher Smith in the lgStudy chat.

Frequently asked questions

What is Procore in simple terms?

Why does Procore matter?

Because it connects several computer science ideas at once: it gives you a definition you can apply, a quantity you can calculate, and a way to check whether a result is plausible.

How should I study Procore?

Read the excerpt, restate it from memory, then work through the examples and applications listed on this page. The five-step study plan above takes about twenty minutes.

What does this page cover?

It gives you a compact reference excerpt plus original lgStudy explanations, examples, applications and study material on Procore.