What Hyra iQ does

ProcurePro is a cloud-based construction procurement software platform headquartered in Australia that serves enterprise main contractors managing complex building projects with multiple subcontractors. The platform centralizes subcontractor procurement workflows—replacing fragmented processes previously spread across Excel and email—with modules covering procurement scheduling, scope of works management, tendering and price breakdowns, vendor comparison and recommendation, contract creation with e-signature, vendor management, lessons learnt capture, and data analytics. The company targets the point in construction projects where approximately 90% of project spend is committed early, positioning its software as the control layer for cost and risk before margins are locked in.

The company operates a SaaS subscription model sold via a direct enterprise field sales motion, evidenced by a prominent 'Book a demo' call-to-action, published case studies, and implementation support. Pricing is quote-based and not publicly disclosed. The named customer base includes enterprise main contractors Bouygues, Multiplex, Wates, AW Edwards, Richard Crookes Construction, Murphy, Mirvac, McNab, Hutchinson Builders, Purcell Construction, Kori Construction, and Mount Anvil, with cumulative project value of $100+ billion where the platform is used. Operations span Australia and the United Kingdom.

The technical architecture combines a core procurement control platform with four AI-powered modules: BidLevel (an AI bid levelling tool that reads supplier quotes, builds a complete breakdown, and extracts pricing and exclusions in approximately 3 minutes), AI CoPilot (an always-on generative procurement assistant), AI Pricing Library (live pricing intelligence), and AI Estimating Handover (connects estimating and delivery teams). The platform integrates with Procore, Aconex, Viewpoint Jobpac, Cheops, Microsoft Office/Entra, DocuSign, and Business Registries. The company is led by co-founder Jesse Dymond.

Note on scope: the input data labels the subject as 'Hyra iQ' in firmographics but supplies substantive material exclusively about ProcurePro; this description reflects the company for which evidence exists.

Name

Hyra iQ

Legal name

ProcurePro

Website

https://hyraiq.com

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

11–50 employees

Short description

ProcurePro is a cloud-based construction procurement SaaS platform for enterprise main contractors, centralizing subcontractor procurement workflows with AI-powered bid levelling, pricing intelligence, and integrations to leading construction management systems across Australia and the UK.

Ownership category

akta.pro rank

Headquarters

HQ city

Brisbane

HQ country

Australia

HQ region

Oceania

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations

Revenue model

1. SaaS Platform Subscription: ProcurePro operates as a SaaS platform providing construction procurement software on a subscription basis. The platform centralizes subcontractor procurement for main contractors, offering multiple AI-powered tools and modules including procurement scheduling, tendering, vendor management, and contract management.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels9 records

Core offering

Hyra iQ is a platform for landlords, tenants, and their lawyers to quickly and easily negotiate retail and commercial leases. The platform digitizes and centralizes the multi-party lease negotiation workflow, replacing fragmented email and document exchanges with a structured digital process for retail and commercial property leasing.

Product overview

ProcurePro is a unified construction procurement software platform for main contractors. The platform combines a core procurement control system with AI-powered modules. The core platform includes procurement scheduling, scope management, tendering, vendor selection, contract creation, vendor management, lessons learned, and analytics. AI-powered add-ons include BidLevel (AI bid levelling), AI CoPilot (procurement assistant), AI Pricing Library (pricing intelligence), and AI Estimating Handover (estimating-delivery connection). The platform centralises subcontractor procurement, providing visibility over spend and risk before margins are set, and integrates with existing construction management and finance systems.

Differentiator

Problem solved

Functional benefit

Brands

• BidLevel: AI bid levelling tool for construction. BidLevel reads supplier quotes, builds a complete breakdown, and pulls out pricing and exclusions - in as fast as 3 minutes.

Quantifiable outcome

• 90% of project spend is committed early, locking in risk and profit - ProcurePro enables control before margins are set

Named customers12 records

Segments1 record

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration9 records

AI capability6 records

Feature12 records

Partnerships

Seven partnerships are on record, tiered core.

• ProcorecoreTechnology or IntegrationProcurePro integrates with Procore, a leading construction management platform. The integration enables smarter procurement and smoother projects by connecting procurement workflows with project management systems.
• AconexcoreTechnology or IntegrationAconex integration enables connected procurement workflows for construction projects using Aconex for document and project management.
• Viewpoint JobpaccoreTechnology or IntegrationIntegration with Viewpoint Jobpac, a construction finance and project management solution, enabling financial visibility in procurement workflows.
• CheopscoreTechnology or IntegrationIntegration with Cheops, an Australian construction management platform, supporting regional procurement workflows.
• Microsoft OfficecoreTechnology or IntegrationIntegration with Microsoft Office suite and Microsoft Online for productivity and collaboration within procurement workflows.
• DocuSigncoreTechnology or IntegrationDocuSign integration for electronic signature capabilities, enabling contract risk mitigation and digital contract workflows.
• Microsoft EntracoreTechnology or IntegrationMicrosoft Entra integration for identity and access management, ensuring secure authentication for procurement platform users.

Scale indicators2 records

Recent moves5 records

Expansion highlights6 records

Broad incumbents

• Viewpoint (Trimble): Viewpoint, owned by Trimble, is an established construction ERP suite including Vista and Jobpac — the latter being a ProcurePro integration partner. Its broad finance and project management capabilities compete for the contractor software stack that ProcurePro plugs into.
• Autodesk Construction Cloud: Autodesk Construction Cloud bundles PlanGrid, BuildingConnected, and Assemble into a unified preconstruction and project management offering for contractors. It competes with ProcurePro across preconstruction, bidding, and project workflows at large enterprise scale.
• Procore: Procore is the leading construction project management platform and a current ProcurePro integration partner. Its broad PM suite increasingly overlaps with procurement workflows, making it both a distribution channel and the most significant competitive threat to ProcurePro's vertical wedge.

Direct peers

• CoConstruct: CoConstruct is a construction project management platform for custom home builders and remodelers. Its bid management, vendor selection, and contract workflows overlap with subsets of ProcurePro's procurement functionality for main contractors.
• RIB Software (iTWO): RIB Software's iTWO platform offers 5D BIM-based enterprise construction management including procurement, tendering, and cost control. It targets large main contractors globally and competes for the same procurement-control use case ProcurePro addresses.
• TradeTapp (Oracle Textura): TradeTapp, now part of Oracle's Textura construction platform, provides subcontractor prequalification and bid management. It competes head-on with ProcurePro's bid leveling and vendor comparison capabilities for main contractor procurement workflows.
• ConstructConnect: ConstructConnect is a construction bid procurement platform connecting owners, contractors, and subcontractors to project opportunities. Its iSqFt and Bid Management suites overlap with ProcurePro's tendering and price breakdown functionality.
• BuildingConnected (Autodesk): BuildingConnected, owned by Autodesk, is a bid management and subcontractor sourcing network for general contractors. It directly overlaps with ProcurePro's tendering, vendor selection, and bid workflows, and benefits from Autodesk's broader construction distribution.
• Buildertrend: Buildertrend is a leading construction project management SaaS for residential and light commercial builders. While more residential-skewed, its scheduling, bid solicitation, and subcontractor workflows overlap with parts of ProcurePro's procurement platform.

Emerging players

• PlanRadar: PlanRadar is a SaaS for construction and real estate project documentation, defect management, and task tracking. It is adjacent to ProcurePro's procurement scheduling and contractor coordination workflows, with growing enterprise adoption in Europe and Australia.

Market position

Strengths1 record

Weaknesses1 record

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/hyra_iq

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Hyra iQ