Insider Brief
- Procore Technologies agreed to acquire DroneDeploy for about $845 million in cash, adding drones, ground robots and visual-intelligence tools to its construction software platform.
- The companies plan to combine Procore’s project data with DroneDeploy’s aerial and ground imagery so AI systems can document progress, identify problems and initiate actions on jobsites.
- DroneDeploy is used on more than 3 million jobsites across over 180 countries, and the transaction is expected to close later in 2026 subject to regulatory approval and other customary conditions.
Procore Technologies agreed to acquire DroneDeploy for about $845 million in cash, adding drones, ground robots and visual-data tools to its construction software platform as it seeks to automate more jobsite monitoring and decision-making.
According to Procore, the proposed acquisition will combine Procore’s project-management data with DroneDeploy’s aerial and ground imagery. Procore said the system will use artificial intelligence to identify jobsite conditions, document progress, flag problems and initiate actions within its platform.
“Once the acquisition closes, we plan to immediately cross-sell DroneDeploy’s solutions into our broader customer base and vice versa,” said Procore president and CEO Ajei Gopal. “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’s technology, used on more than 3 million jobsites across over 180 countries, gathers three-dimensional information through drones, ground robots and mobile, fixed and wearable cameras, creating a digital record of construction sites and operating assets.
Procore said it plans to offer DroneDeploy’s products to its existing customers after the deal closes and introduce Procore services to DroneDeploy users. Over time, the company intends to integrate the technology more deeply into its platform as part of a broader strategy to build AI tools that can observe projects and respond to changing conditions.
The company said cameras, drones and robots could inspect jobsites and trigger appropriate responses inside Procore. The system could help construction teams detect delays, safety problems and differences between project plans and completed work earlier. Automated data collection could reduce time spent on routine inspections and record keeping while giving project managers a more current view of operations.
Combining Construction Data and Jobsite Images
Procore provides software that construction teams use to manage documents, communications, inspections and other project activity. The company said its platform handled nearly 400 million photographs, more than 126 million drawings and over 10 million requests for information, submissions and inspections during the past year.
DroneDeploy has collected visual data covering about 20 trillion square feet of the built environment, along with tens of millions of user annotations and more than 100,000 labeled safety issues, according to Procore.
The companies expect the combined datasets to support AI systems trained specifically for construction to help Procore’s software connect decisions recorded in the platform with conditions observed at physical jobsites. That connection is central to Procore’s effort to move beyond storing and sharing project information as the company wants its platform to interpret information and recommend or carry out actions to create what it describes as digital coworkers for field and office teams.
The planned system would combine real-time visual information with AI reasoning and an auditable record of the actions taken. Procore said the approach could save time and reduce costs while allowing companies to track work more consistently.
DroneDeploy will continue developing aerial and ground reality-capture products while expanding its work in AI and robotics, according to the announcement. Procore said the acquisition will give DroneDeploy access to a larger construction customer base and bring its technology into workflows already used to manage projects.
The transaction is expected to close later in 2026, subject to regulatory approval and other customary conditions. Procore said its current financial outlook covers its existing operations and does not include any contribution from DroneDeploy.
Goldman Sachs is serving as Procore’s exclusive financial adviser, while Citi is advising DroneDeploy.
