Queensland startup ProcurePro reaches top 10 at Startup World Cup
Queensland's ProcurePro, which uses AI to forecast construction costs, pitched at the Startup World Cup Grand Finale.
ProcurePro reached the top 10 at the Startup World Cup Grand Finale in San Francisco after winning the Queensland regional final earlier this year. Cofounder Tim Rogers pitched to 3,000 investors and founders at the competition.
The construction tech firm uses artificial intelligence to understand what building projects will cost. ProcurePro has passed US$10 million in annual recurring revenue and is backed by QIC Ventures and Airtree.
Health startups dominated the event with about 24% of pitches, followed by AI software at 19% and climate tech at 15%. Experts named agentic workflows and physical AI as the biggest market opportunities.
- Tim Rogers
- Cofounder
- San Francisco
- Location
- US$10 million
- Annual recurring revenue
- 3,000 investors and founders
- Audience size
Why it mattersAustralian startups building AI infrastructure now could shape the next 25 years of global business, much like Amazon and Google did.
AustraliaProcurePro's success shows Australian tech founders can compete at the highest level, potentially attracting more venture capital to Australia.
✓ Claims checked against the source. checked 15 h ago
