Friday, December 9, 2016
Procore Joins Ranks Of Southern California's Unicorns
Carpinteria-based cloud-based construction software developer Procore apparently has joined the ranks of the small number of Southern California's "unicorns"--those companies who are valued at more than $1 billion--with the funding the company announced on Thursday. According to the WSJ, the funding doubles the $500M valuation that the company had a year ago in its prior funding. Procore said on Thursday that it raised $50M in a funding round, led by Iconiq Capital.