Why Autodesk Spent $240 Million on This AI Platform for Early-Stage Real Estate Development
Back in November, Autodesk (NASDAQ: ADSK) announced it had completed its acquisition of Spacemaker, which provides a cloud-based artificial intelligence (AI) platform that helps urban designers and architects save time, money, and materials. The $240 million all-cash deal was Autodesk's fifth acquisition and 13th investment in construction design solutions in the last three years. Acquisitions like these are important for investors to keep track of as Autodesk tries to dominate the architecture, engineering, and construction (AEC) software space.
Here's how the Norwegian start-up will fit within Autodesk.
Image source: Getty Images.
Source Fool.com
