Procore to acquire DroneDeploy for $845m. Deal would bring aerial and ground reality capture into Procore's construction management platform. Procore Technologies has entered into a definitive agreement to acquire DroneDeploy, the reality capture and visual intelligence platform, for approximately $845 million in cash. The transaction is expected to close later this year, subject to regulatory approvals. DroneDeploy's platform spans drone, ground robot, mobile, fixed and wearable camera capture, processing imagery into three-dimensional site documentation. The company says its technology is used on more than three million jobsites across 180 countries. Procore, which is publicly listed on the NYSE, provides construction management software encompassing project documentation, collaboration and workflows. The strategic logic centres on connecting Procore's project data with DroneDeploy's visual record of what is actually happening on site. Procore holds what it describes as nearly 400 million photos, over 126 million drawings and more than 10 million RFIs, submittals and inspections from the past year alone. DroneDeploy contributes approximately 20 trillion square feet of visual data, tens of millions of user-generated annotations and over 100,000 labelled safety issues. Procore's intent is to use the combined datasets to train AI systems that can identify issues from site imagery and trigger responses within the Procore platform automatically. Discover what's new in technology for architecture, engineering and construction - read the latest edition of AEC Magazine. Subscribe FREE here. Ajei Gopal, President and CEO of Procore, said the company plans to cross-sell DroneDeploy's solutions into its customer base immediately after close. The longer-term aim is to "deliver digital co-workers that track what's happening on a project, make sense of it, and then take action to change the outcome," he said. DroneDeploy CEO Mike Winn said the acquisition reflects what customers have consistently asked for, that reality capture should be a native part of how they work rather than a separate tool. "Joining Procore accelerates that mission," he said. The proposed acquisition fits a broader pattern in construction technology of platform companies absorbing specialist capture and analysis tools. The practical argument is that automated visual documentation could reduce the burden of manual site inspections on field teams already stretched by persistent labour shortages across the industry. Whether the AI-driven automation Procore describes, where cameras, drones and robots regularly evaluate sites and initiate appropriate responses, materialises as described will depend on how effectively the two platforms integrate and how the combined datasets perform in practice. Goldman Sachs is advising Procore on the transaction, with Citi advising DroneDeploy.

Procore to acquire DroneDeploy, creating next-generation platform that sees, understands, and acts on the jobsite. The proposed acquisition will bring DroneDeploy's unified aerial and ground reality capture and robotics capabilities into the Procore platform, transforming jobsite imagery into AI-powered insights and actions Procore Technologies, Inc. (NYSE: PCOR), the leading global provider of construction management software, today announced it has entered into a definitive agreement to acquire DroneDeploy, Inc., the robotics and visual intelligence platform for the built world that is used on over 3 million jobsites across more than 180 countries. Procore will acquire DroneDeploy for approximately $845 million in cash, subject to customary purchase price adjustments. More headlines. Articles. As a leader in reality capture and robotic automation, DroneDeploy delivers the visual intelligence that bridges the built world - from active construction sites to operational assets - and the digital world, providing critical, real-time visibility into daily operations. Today, construction teams collaborate in Procore, documenting observations and driving actions within the platform. DroneDeploy captures visual information, and when combined with Procore AI, that visual data can be translated into information and observations that can drive autonomous action within Procore. That connection between project data and jobsite reality is foundational to Procore's AI strategy as it evolves from the system of collaboration and record to the system of intelligence for construction. DroneDeploy provides perception through three-dimensional ground and aerial imaging, spanning drones, ground-deployed robots, and mobile, fixed, and wearable cameras. Together with Procore AI, RoboticsTomorrow will create the ability to see, understand, and act within Procore - allowing construction teams to automatically document observations, identify issues earlier, and take actions to improve how projects get built. This new layer of visual intelligence is the next step in Procore's AI journey. "I am very excited to bring DroneDeploy's outstanding team, technology and track record of customer success to Procore," said Ajei Gopal, President and CEO of 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." "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," said Mike Winn, CEO of DroneDeploy. "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." By pairing DroneDeploy's technology with Procore, manual jobsite inspections and observations will be replaced by multi-modal perception capabilities. A range of cameras, drones, and robots will regularly evaluate the construction site and automatically initiate appropriate responses securely, compliantly, and in context. Amid the acute labor shortage in the construction industry, this practical automation helps support overscheduled field teams. Once completed, the transaction will bring together two extensive, domain-specific datasets: Procore's record of construction decision-making - encompassing nearly 400 million photos, over 126 million drawings, and over 10 million RFIs, submittals, and inspections in the last year alone - and DroneDeploy's visual record of physical builds, spanning approximately 20 trillion square feet of visual data for the built world, tens of millions of user-generated annotations, and more than 100,000 labeled safety issues. Access to the right data separates a proof-of-concept from a mission-critical AI offering. In the future, Procore will incorporate a seamless integration of capabilities purpose-built for construction: real-time perception, advanced reasoning, and a secure, collaborative, and auditable platform where actions are taken. Such a system will enable Procore to deliver digital coworkers for the field and the back office, saving both time and money. The transaction is expected to close later this year, subject to customary closing conditions, including the receipt of required regulatory approvals. Procore's financial outlook issued today represents its organic business, and does not reflect contributions that may come from DroneDeploy. Goldman Sachs & Co. LLC is serving as the exclusive financial advisor to Procore on the transaction, and Citi is serving as financial advisor to DroneDeploy. About Procore Procore Technologies, Inc. (NYSE: PCOR) is a leading technology partner for every stage of construction. Built for the industry, Procore's unified technology platform drives efficiency and mitigates risk through AI & data-driven insights and decision making. Over three million projects have run on Procore across 150+ countries. For more information, visit https://www.procore.com.

Procore Technologies has entered into a definitive agreement to acquire DroneDeploy for approximately $845 million in cash. DroneDeploy is a robotics and visual intelligence platform used on over three million jobsites across more than 180 countries. The acquisition will integrate DroneDeploy's aerial and ground reality capture capabilities into Procore's construction management platform. This combination aims to transform jobsite imagery into AI-powered insights and automated actions. DroneDeploy provides visual intelligence through three-dimensional imaging using drones, ground-deployed robots, and various cameras. When combined with Procore AI, this visual data will enable construction teams to automatically document observations and identify issues earlier. The transaction is expected to close later this year, subject to customary closing conditions and regulatory approvals. Goldman Sachs is serving as Procore's financial adviser, whilst Citi is advising DroneDeploy.