As part of its tech investment strategy, Autodesk announced today it will acquire project management solutions company Pype for an undisclosed amount and earlier said it made its second investment into modular startup Factory OS. These follow a recent $7 million investment round, led by Autodesk, into workforce planning software firm Bridgit. Autodesk expects to close the Pype deal in the third quarter by Oct. 31.
Both Pype and Bridgit’s Bridgit Bench solution will be integrated with Autodesk’s Construction Cloud, which allows office and field teams to connect throughout the design and construction process, includes a builder’s network and provides AI-driven analyses of project data.
Since 2017, Autodesk has made nine major investments into construction tech startups. The company also purchased PlanGrid, Assemble and BuildingConnected, deals worth a total of $1.1 billion.