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Founder and CEO Craig "Tooey" Courtemanche started his career as a carpenter and served as a real estate developer, before starting a tech company in Silicon Valley. When building his home in Santa Barbara, Tooey realized that he could apply his technology background in the field of construction. The app he built served to better manage the construction process. Founded in 2002, the company was originally headquartered in Carpinteria, California. Steve Zahm, founder of the e-learning company DigitalThink, joined Procore as president in 2004.
Procore's revenue in 2012 was $4.8 million. In 2020, it was $400 million. The estimated revenue for 2024 is $1 billion.
The company initially filed to go public in 2019, with plans to launch the IPO in 2020, but delayed the offering due to the coronavirus pandemic. Procore stock began trading under stock ticker PCOR on May 20, 2021 at $67 per share. The initial public offering raised $634.5 million. Following the IPO, the company was valued at nearly $11 billion. As of May 2021, the company has over 10,000 customers, and over 2 million users of its products in more than 150 countries.
Procore's main campus is on a 9-acre oceanfront property in Carpinteria, California. As of 2023, Procore had ten offices around the globe, including those in North America, Asia and Europe. The company has around 4,000 employees.