Procore to acquire DroneDeploy for $845 million

Procore Technologies is planning to acquire DroneDeploy , a robotics and visual intelligence platform used across more than 3 million jobsites in over 180 countries, for approximately $845 million in cash.

The acquisition expands Procore’s AI strategy by combining DroneDeploy’s aerial and ground reality capture capabilities with Procore’s construction management platform. The companies say the integration will enable AI-powered workflows that automatically identify jobsite issues, document observations, and trigger actions.

DroneDeploy’s technology spans drones, ground robots, mobile devices, fixed cameras, and wearable cameras. Once the transaction closes, Procore plans to cross-sell DroneDeploy’s products to its customer base while integrating the technology into its platform.

The combined company will also bring together Procore’s construction dataset—including nearly 400 million photos, 126 million drawings, and 10 million RFIs, submittals, and inspections generated over the past year—with DroneDeploy’s visual dataset covering approximately 20 trillion square feet of the built world.

Founded in 2013, DroneDeploy has raised approximately $157 million in funding and employs around 390 people, according to LinkedIn.