Autodesk to buy VC-backed PlanGrid for $875 mln

Autodesk Inc has agreed to acquire San Francisco-based PlanGrid, a provider of construction productivity software, for $875 million. The deal is is expected to close during Autodesk's fourth quarter of fiscal 2019, ending January 31, 2019. PlanGrid's backers include YCombinator, Sequoia Capital and Tenaya Capital.

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