Procore Raises $50M More For Cloud Software

Carpinteria-based construction software developer Procore, which is led by Tooey Cortemanche, announced late Thursday that it has raised $50M in a new funding, led by ICONIQ Capital. According to Procore, the new funds will go towards expanding and extending its construction technology platform. The company's cloud-based construction software is used to manage construction projects. Procore says it now has close to 700 employees, spread across seven offices across the United States, and more than 2,500 clients worldwide. More information »