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Prologis adopts AI tool to judge new warehouse sites

TestFit says its platforms examines design, constructability, and costs

testfit Screen Shot 2023-09-26 at 3.43.52 PM.png
Supply Chain Quarterly Staff
By Supply Chain Quarterly StaffSep 26, 2023
Supply Chain Quarterly Staff
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Logistics real estate specialist Prologis will use a real-time artificial intelligence (AI) tool to help them better judge the feasibility of new warehouse sites, the company said today.

The software comes from Dallas-based startup TestFit, which says its real estate feasibility platform provides insights into design, constructability, and costs in early-stage site planning.

In line with adopting its technology, Prologis’ investment arm, Prologis Ventures, had also co-led a $20 million “series A” round in 2022 in the seven-year-old firm, alongside Parkway Venture Capital and Perot Jain.

“Prologis is a great case study on how meaningful AI can supercharge the feasibility process,” Clifton Harness, TestFit’s CEO and co-founder, said in a release. “TestFit has helped existing customers speed up their site planning by as much as ten times. It’s incredible to see the success we’ve seen in multi-family applied in the industrial space.”

 

 

 

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