PROCORE TECHNOLOGIES, INC. acquires Toric Labs, Inc. (d/b/a Datagrid)

PROCORE TECHNOLOGIES, INC. acquired Toric Labs, Inc. (d/b/a Datagrid) for ~$190.0 million cash (estimated, subject to post-closing adjustments), a transaction completed in January 2026, structured as Stock purchase (all outstanding equity).

Acquired all outstanding equity of Toric Labs, Inc. (d/b/a Datagrid), a leader in agentic artificial intelligence solutions for the construction industry, for an estimated purchase price of approximately $190.0 million in cash, subject to customary post-closing adjustments.

Accelerates Procore's AI strategy and delivers advanced reasoning and data connectivity capabilities for its customers.

Advisory firms were not disclosed for this transaction.

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