{"id":6311,"date":"2020-07-22T09:00:28","date_gmt":"2020-07-22T13:00:28","guid":{"rendered":"https:\/\/adsknews.autodesk.com\/?post_type=pressrelease&p=6311"},"modified":"2020-07-21T23:49:09","modified_gmt":"2020-07-22T03:49:09","slug":"autodesk-to-acquire-ai-powered-construction-software-provider-pype","status":"publish","type":"pressrelease","link":"https:\/\/adsknews.autodesk.com\/en\/pressrelease\/autodesk-to-acquire-ai-powered-construction-software-provider-pype\/","title":{"rendered":"Autodesk to Acquire AI-Powered Construction Software Provider Pype"},"content":{"rendered":"

Pype\u2019s best-in-class submittals and project closeout software will strengthen Autodesk Construction Cloud to help GCs, specialty contractors and owners further reduce risk and increase efficiencies<\/em><\/h3>\n

\"\" SAN\u00a0RAFAEL, Calif., July 22, 2020 \u2014\u00a0<\/strong>Autodesk, Inc.<\/a> (NASDAQ: ADSK) today announced it has signed a definitive agreement to acquire Pype<\/a>, a provider of cloud-based solutions for automating construction project management workflows. The acquisition will empower general contractors, subcontractors and owners to gain even more value from Autodesk Construction Cloud by automating critical construction workflows such as submittals and closeouts to increase productivity and mitigate project risk. Pype\u2019s suite of software reduces tedious manual entry and human error that can lead to rework, cost overruns and schedule delays on construction projects. The company\u2019s technology leverages artificial intelligence and machine learning to automatically analyze and extract critical construction data such as project plans and specifications to be used throughout the project lifecycle. By automating these traditional manual workflows and converting real-time data into actionable insights, construction teams have the power to increase collaboration and project efficiency. Pype customers include top general contractors such as Barton Malow, JE Dunn, McCarthy, Mortenson and Skanska, among others. Since 2017, Autodesk has invested in nine construction technology startups. The company also acquired Assemble, BuildingConnected and PlanGrid; these three acquisitions alone total more than $1.1 billion. \u201cI could not be more optimistic about the future of the building industry,\u201d said Andrew Anagnost, CEO of Autodesk. \u201cEven in challenging times such as those we are currently facing, Autodesk remains focused on making the jobs of people who build easier. Pype\u2019s robust machine learning capabilities will empower Autodesk customers to connect workflows across the building lifecycle in new ways and optimize their businesses for long-term resiliency.\u201d \u201cWe\u2019re incredibly proud of the rapid growth Pype has experienced since its founding in 2015,\u201d said Sunil Dorairajan, CEO and co-founder of Pype. \u201cWe\u2019ve launched four widely adopted solutions to-date, each rooted in our ongoing mission to automate manual construction workflows for increased productivity and reduced risk. Now as part of Autodesk, we look forward to expanding these automated capabilities to ensure construction teams efficiently progress through projects, from design to closeout.\u201d \u201cJE Dunn has been a pioneer at incorporating innovation to create and enhance robust digital and automated processes,\u201d said John Jacobs, Chief Information Officer of JE Dunn. \u201cBoth Autodesk and Pype have been strategic partners throughout this digital journey, each with unique strengths and best-in-class solutions. Combining Autodesk\u2019s construction management technology with Pype\u2019s AI-powered project management capabilities will certainly accelerate the ongoing transformation of our industry.\u201d <\/p>\n

Pype will integrate with Autodesk Construction Cloud for streamlined project management<\/strong><\/h2>\n

Autodesk Construction Cloud, which brings together Assemble, BIM 360,\u00a0BuildingConnected\u00a0and PlanGrid, is a powerful portfolio of software and services\u00a0comprised of advanced technology, the industry\u2019s largest builder\u2019s network and predictive insights. With Autodesk\u2019s established design authoring tools, Autodesk Construction Cloud connects headquarters, office and field teams to increase collaboration and productivity. Following the acquisition, Autodesk plans to integrate Pype products with Autodesk Construction Cloud. Pype\u2019s product suite includes: <\/p>\n