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NewsHVAC Breaking News

Autodesk Completes Acquisition of AI-Powered Software Provider Pype

Pype's suite of software solutions will integrate with the Autodesk Construction Cloud portfolio

Breaking News - The ACHR NEWS
The ACHR NEWS
August 18, 2020

SAN RAFAEL, Calif. — Autodesk Inc. has completed the acquisition of Pype and its portfolio of cloud-based software solutions for the construction industry. This acquisition and resulting product integrations will provide additional value for Autodesk Construction Cloud users, allowing general contractors, subcontractors, and owners to automate workflows such as submittals and project closeout.

Pype's solutions use artificial intelligence and machine learning to extract and process data from project plans and specifications. 

Pype marks Autodesk's fourth construction-based acquisition in recent years, joining the acquisitions of Assemble in July 2018, PlanGrid in December 2018, and BuildingConnected in January 2019.

"We are thrilled to officially welcome the Pype team to Autodesk," said Jim Lynch, vice president and general manager of Autodesk Construction Solutions at Autodesk. "Pype's 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."

"Pype's mission was always to help construction teams avoid seemingly ubiquitous challenges facing a document-intensive industry – inefficient workflows, disjointed collaboration, schedule delays, cost overruns, and more," said Sunil Dorairajan, CEO and co-founder of Pype. "Autodesk 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."

Autodesk plans to integrate Pype within its Autodesk Construction Cloud portfolio, which encompasses the  solutions Assemble, BIM 360, BuildingConnected and PlanGrid.

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KEYWORDS: acquisitions in the HVAC Industry HVAC Manufacturer News

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