Plangrid co-founder and CEO Tracy Young at TechCrunch Disrupt 2015. Photo: Steve Jennings/Getty Images for TechCrunch

Autodesk has agreed to acquire Plangrid, a startup that makes cloud-based construction software, for $875 million net of cash.

Why it matters: The deal could help Autodesk, which is best known for its computer-aided design software AutoCAD, expand its tools for the construction industry. PlanGrid has raised a total of $69 million in funding from investors like Y Combinator, Sequoia Capital, Initialized Capital, and DAG Ventures. Ex-Autodesk CEO Carol Bartz joined PlanGrid's board of directors in 2016.

Editor's note: The story has been corrected to show that PlanGrid raised $69 million, not $66 million.

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Updated 1 hour ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 12 a.m. ET: 33,282,969 — Total deaths: 1,000,867 — Total recoveries: 23,066,203Map.
  2. U.S.: Total confirmed cases as of 12 a.m. ET: 7,148,009 — Total deaths: 205,069 — Total recoveries: 2,794,608 — Total tests: 102,342,416Map.
  3. Business: Companies are still holding back earnings guidance.
  4. Health: Trump announces plan to distribute 150 million rapid tests —The childless vaccine.
  5. Media: Fauci: Some of what Fox News reports about COVID-19 is "outlandish"
  6. States: Cuomo extends New York moratorium on evictions until 2021.
  7. World: More than 1 million people have now died from coronavirus — India the second country after U.S. to hit 6 million cases.

Bob Woodward: "I was not going to hide" my opinion on Trump

Bob Woodward didn't want to join Senate Republicans in privately condemning President Trump but declining to do so publicly, he told Jonathan Swan in an interview for "Axios on HBO."

Why it matters: Woodward has covered 9 presidents, but Trump is the first that Woodward explicitly described as "the wrong man for the job."

Watch the full Jonathan Swan interview with Bob Woodward

In the latest episode of "Axios on HBO," Jonathan Swan interviews Bob Woodward about his new book, "Rage," which was based on 19 interviews with President Trump.

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