ENR: Oracle Buys Newmetrix to Integrate AI Tech Into Cloud Platform

Acquired firm's artificial intelligence will boost capability to detect and reduce project risk

"Oracle announced Dec. 16 it has completed acquisition of Newmetrix, a cloud-based platform that uses artificial intelligence to highlight construction problems focused on project safety. 

Terms of the deal were not disclosed. Newmetrix founder and CEO Josh Kanner will become an Oracle executive and much of the team that created the platform will move to Oracle."

Read the full article here:

Engineering News Record's write up of Oracle's acquisition of the Newmetrix product and team is presented here.

And for a more personal take, check out my blog on the acquisition here.

An exciting time for analytics in Construction, why Newmetrix and Oracle will jointly power risk reduction.


Topics: News Coverage, Featured 1

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