After experiencing considerable delays and other issues building a home in Santa Barbara, Craig Courtemanche began to create software that would solve many of the problems that plaque construction workers and contractors.
Procore sells and operates construction project management software. In 2019, the company had annual revenue of $289.2 million.
Procore’s project management software allows teams of construction companies, property owners, project managers, contractors, and partners to collaborate on construction projects and share access to documents, planning systems, and data.
In February 2020, the company had filed for an IPO from the US Security and Exchange Commission.
Due to the coronavirus, quarantine, and subsequent recession, Procore dropped its request for an IPO in early May 2020 and instead raised funds equal to $5 billion.
Procore maintains its corporate office in Carpenteria, California.