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ProcurePro Raises $11M to Scale AI-Driven Construction Procurement Globally

AI-driven construction procurement

ProcurePro has secured US$11 million in a Series B funding round to accelerate the development of its AI-driven construction procurement platform. The investment, led by QIC Ventures, values the Brisbane-founded company at more than US$80 million. This capital injection follows a period of rapid growth for the firm, which has already seen its technology utilized across more than 6,000 projects worldwide, representing a total project value of US$90 billion.

The funding round also included participation from ISAI, representing the global construction leader Bouygues. This strategic backing underscores the industry's demand for digital solutions that can manage the complexities of the US$13 trillion global construction supply chain. ProcurePro announced this week that it intends to use the new capital to expand its international footprint, specifically targeting growth in North America, the United Kingdom, and the Middle East.

Scaling AI-Driven Construction Procurement

The core of the platform is a unified control layer designed to replace the fragmented systems of spreadsheets and emails that traditionally dominate construction procurement. By digitizing these manual processes, the AI-driven construction procurement platform provides contractors with greater visibility and control over their supply chains. The company is now focusing its product roadmap on advanced AI tools, including cost estimation features built on real-world datasets to improve accuracy in project planning.

To support this expansion and technical development, ProcurePro plans to hire 100 new employees over the next two years. These roles will primarily focus on product development and engineering as the company seeks to refine its AI capabilities. The move comes as the construction sector faces increasing pressure to improve efficiency and manage rising material costs through better digital oversight.

The involvement of major industry players like Bouygues suggests a shift toward broader enterprise adoption of specialized AI tools in heavy industry. As of May 2026, the company continues to scale its operations to meet the needs of large-scale contractors managing high-value infrastructure and commercial projects. The next milestone for the firm involves the formal launch of its expanded engineering teams in its new target markets.

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