Press release
Autodesk to Acquire AI-Powered Construction Software Provider Pype
Pype's best-in-class submittals and project closeout software will strengthen Autodesk Construction Cloud to help GCs, specialty contractors and owners
About this update from Autodesk, Inc.
[{"type":"text","content":"Pype's 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\n\n\nSAN RAFAEL, Calif., July 22, 2020 /PRNewswire/ -- Autodesk, Inc. (NASDAQ: ADSK) today announced it has signed a definitive agreement to acquire Pype, 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. \n\n \n \n \n \n \n \n\n \nPype's 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's 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.\nSince 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.\n\"I could not be more optimistic about the future of the building industry,\" said Andrew Anagnost, CEO of Autodesk. \"Even in challenging times such as those we are currently facing, Autodesk remains focused on making the jobs of people who build easier. Pype's 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.\"\n\"We're incredibly proud of the rapid growth Pype has experienced since its founding in 2015,\" said Sunil Dorairajan, CEO and co-founder of Pype. \"We've launched four widely adopted solutions to-date, each rooted in our ongoing mission to automate manual construction wo...