Autodesk to Acquire AI-Powered Construction Software Provider Pype

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Autodesk to Acquire AI-Powered Construction Software Provider Pype

Autodesk Inc, a leading multi-sector software services provider is in the process to acquire Pype, an AI-powered cloud-based solution for automating construction project management workflows, to empower general contractors, subcontractors, and owners to gain more value from Autodesk Construction Cloud by automating critical construction workflows such as submittals and closeouts to increase productivity and mitigate project risk.

Autodesk plans to integrate Pype products with its advanced technology, Autodesk Construction Cloud(Assemble, BIM 360, BuildingConnected, and PlanGrid) the industry’s largest builder’s network, and predictive insights.

Pype’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 analyse 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.

Following the acquisition, Autodesk plans to integrate Pype products with Autodesk Construction Cloud. Pype’s product suite includes:

AutoSpecs: Allows construction professionals to generate submittal logs in a matter of minutes

Closeout: Accelerates the construction closeout process via an easy-to-use, centralized dashboard and automated document collection

eBinder: Automatically converts hundreds of closeout documents into a fully indexed, hyperlinked and searchable turnover file

SmartPlans: Extracts submittals, product schedules, and contract compliance requirements from drawings

“I could not be more optimistic about the future of the building industry. 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,” opined Andrew Anagnost, CEO, Autodesk.

“We are incredibly proud of the rapid growth Pype has experienced since its founding in 2013. We have 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,” expressed Sunil Dorairajan, CEO & Co-Founder, Pype

For more information: www.Autodesk.com