Autodesk Completes Acquisition of AI-Powered Software Provider Pype
Pype's solutions use artificial intelligence and machine learning to extract and process data from project plans and specifications. The 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.
Pype marks Autodesk's fourth construction-based acquisition in recent years, joining the acquisitions of Assemble in
"We are thrilled to officially welcome the Pype team to Autodesk," said
"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
Autodesk plans to integrate Pype within its Autodesk Construction Cloud portfolio, which encompasses best-in-class solutions Assemble, BIM 360, BuildingConnected and
- AutoSpecs: Automates a highly manual process, using AI to quickly read and extract specs to generate submittal logs with a high level of accuracy
- 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
Terms and Business Outlook
The transaction was subject to customary closing conditions and occurred during Autodesk's third quarter of fiscal 2021, ending
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