Prologis invests in AI firm TestFit
Prologis has invested in AI firm TestFit at its new warehouse sites.
Prologis Ventures co-led in the Series A round with Parkway Venture Capital, which closed in June 2022, along with an additional investor, Perot Jain. TestFit’s real estate feasibility platform provides insights into design, constructability and costs in early-stage site planning,
Prologis Ventures has focused its investment strategy on innovative solutions that help solve the most critical pain points in areas such as operations, sustainability, energy and construction. Prologis has been piloting TestFit to give its teams real-time insights on design, evaluation of constructability and forecasting of costs for new logistics sites.
“Innovation and staying ahead of what's next has been fundamental to our company’s 40-year success,” said Will O’Donnell, managing director, Prologis Ventures. “TestFit is a perfect example of how we continually invest in new technologies such as AI that