Prologis invests in TestFit

Prologis has deployed TestFit’s real-time AI to help them better judge the feasibility of 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, and historically has been the gold standard AI software for multi-family, working with 50% of the top 10 multi-family developers today. Prologis Ventures, the venture arm of the global leader in logistics real estate, 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.