{"id":76,"date":"2020-10-05T11:35:49","date_gmt":"2020-10-05T06:05:49","guid":{"rendered":"https:\/\/blogs.autodesk.com\/autodesk-news-india\/?p=76"},"modified":"2021-04-12T19:50:27","modified_gmt":"2021-04-12T14:20:27","slug":"autodesk-completes-acquisition-of-ai-powered-software-provider-pype","status":"publish","type":"post","link":"https:\/\/blogs.autodesk.com\/autodesk-news-india\/autodesk-completes-acquisition-of-ai-powered-software-provider-pype\/","title":{"rendered":"Autodesk Completes Acquisition of AI-Powered Software Provider Pype"},"content":{"rendered":"

SAN RAFAEL, Calif., Aug. 17, 2020 \/PRNewswire\/ \u2014\u00a0Autodesk, Inc<\/a>. (NASDAQ: ADSK) has completed the acquisition of\u00a0Pype<\/a>\u00a0and its portfolio of cloud-based software solutions for the construction industry. This acquisition and resulting product integrations will provide additional value for\u00a0Autodesk Construction Cloud<\/a>\u00a0users, allowing general contractors, subcontractors and owners to automate workflows such as submittals and project closeout to increase overall productivity and reduce risk throughout the project lifecycle.<\/p>\n


\n\"Autodesk<\/a><\/p>\n

Pype\u2019s solutions use artificial intelligence and machine learning to extract and process data from project plans and specifications.\u00a0The resulting data provides unprecedented insights on project management workflows, helps teams identify actionable information to close communication gaps between design, construction and operations teams, and ensures a higher level of quality, efficiency and risk management on projects.<\/p>\n

Pype marks Autodesk\u2019s fourth construction-based acquisition in recent years, joining the acquisitions of Assemble in July 2018, PlanGrid in December 2018 and BuildingConnected in January 2019.<\/p>\n

\u201cWe are thrilled to officially welcome the Pype team to Autodesk,\u201d said Jim Lynch, vice president and general manager of Autodesk Construction Solutions at Autodesk. \u201cPype\u2019s machine learning capabilities can be applied to multiple field and office workflows, and directly supports our aim to consistently provide customers with the most advanced construction project management technology. The acquisition of Pype is representative of our ongoing commitment to the construction industry, and our continued vision of how cloud-based, collaborative technology can drive the era of connected construction.\u201d<\/p>\n

\u201cPype\u2019s mission was always to help construction teams avoid seemingly ubiquitous challenges facing a document-intensive industry \u2013 inefficient workflows, disjointed collaboration, schedule delays, cost overruns and more,\u201d said Sunil Dorairajan, CEO and co-founder of Pype. \u201cAutodesk Construction Cloud offers a powerful solution for teams to tackle these difficulties while managing the entire building lifecycle, from design through operations. We remain committed to supporting both existing and new Pype customers regardless of the technology stack they use and are excited to continue our journey with Autodesk to help further increase productivity and decrease risk on construction projects.\u201d<\/p>\n

Autodesk plans to integrate Pype within its Autodesk Construction Cloud portfolio, which encompasses best-in-class solutions Assemble, BIM 360, BuildingConnected and PlanGrid. Pype\u2019s product suite includes:<\/p>\n