Procore Technologies has entered into a definitive agreement to acquire DroneDeploy for approximately $845 million in cash, subject to customary purchase price adjustments. The transaction will add DroneDeploy’s aerial and ground-based reality capture, robotics and visual intelligence capabilities to Procore’s construction management platform.
DroneDeploy’s technology has been used across more than three million jobsites in over 180 countries. Its platform gathers visual information through drones, ground robots, mobile devices, fixed cameras and wearable cameras, creating digital records of construction sites and operating assets that can be analyzed alongside project information stored in Procore.
The combination is intended to connect physical jobsite conditions with Procore’s construction records, workflows and AI capabilities. DroneDeploy can capture three-dimensional ground and aerial imagery, while Procore can associate those images with drawings, requests for information, inspections, schedules and other project documentation. This could allow construction teams to automatically document progress, identify safety or quality issues earlier and initiate actions within the same platform.
The companies will bring together two large industry-specific datasets. Procore processed nearly 400 million photos, more than 126 million drawings and over 10 million requests for information, submittals and inspections during the past year, while DroneDeploy has collected visual data covering approximately 20 trillion square feet, tens of millions of annotations and more than 100,000 labeled safety issues. Procore expects these datasets to support AI-powered digital coworkers capable of observing project conditions, reasoning across available information and assisting field and administrative teams.
The acquisition is also expected to create immediate commercial opportunities through cross-selling between the companies’ customer bases. Over time, Procore plans to integrate DroneDeploy more deeply into its platform and replace portions of manual inspection and documentation work with automated visual monitoring, an approach that could help construction companies manage labor shortages and overscheduled field teams.
The transaction is expected to close later in 2026, subject to customary closing requirements and regulatory approvals. Procore’s current financial outlook excludes any future contribution from DroneDeploy. Goldman Sachs is serving as Procore’s exclusive financial advisor, while Citi is advising DroneDeploy.
KEY QUOTES:
“I am very excited to bring DroneDeploy’s outstanding team, technology and track record of customer success to Procore. Once the acquisition closes, we plan to immediately cross-sell DroneDeploy’s solutions into our broader customer base and vice versa. For the longer term, adding DroneDeploy’s technology into the Procore platform will enable us to accelerate our AI strategy and deliver digital coworkers that track what’s happening on a project, make sense of it, and then take action to change the outcome.”
Ajei Gopal, President and CEO of Procore
“DroneDeploy was built to give people who build, power, and feed our world a source of truth about the physical site. Over the last decade, our customers have consistently told us the same thing: they want reality capture to be a native part of how they work, not another tool bolted on.”
“Joining Procore accelerates that mission. Going forward, we remain committed to delivering the best ground and aerial reality capture solutions, deeply integrated into Procore to drive automated action, while building on our early investments in AI and robotics. We’re excited to build what’s next together.”
Mike Winn, CEO of DroneDeploy
