By Colin Kellaher

 

Autodesk Inc. on Tuesday said it agreed to buy Norwegian architecture software startup Spacemaker AI for $240 million, net of cash.

Autodesk said Oslo-based Spacemaker provides a cloud-based AI technology that helps architects, urban designers and real-estate developers optimize and maximize the potential of a building site, especially during early-stage design.

The San Rafael, Calif., software maker said it will fund the acquisition, which it expects to complete by the end of January, with cash on hand.

 

Write to Colin Kellaher at colin.kellaher@wsj.com

 

(END) Dow Jones Newswires

November 17, 2020 06:55 ET (11:55 GMT)

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