Construction software company Procore, based in Carpinteria, has opened a new office in Sydney, Australia.

The addition of the new location is a response to high demand in Australia and New Zealand, the company said in a news release April 20. Its customers have reached more than 100 in the region, with more than 50,000 users.

Procore achieved unicorn status early this year after Iconiq Capital led a $50 million investment round, propelling the company over $1 billion. With 425 employees in the Tri-Counties in 2016, Procore is the fifth largest software firm in the region, and expects to hire sales, marketing and product support staff at its new office.

Financial terms of the expansion were not disclosed.

• Contact Marissa Nall at mnall@pacbiztimes.com.