Procore to Buy DroneDeploy in $845 Million All-Cash Deal
The acquisition would fold DroneDeploy’s reality-capture and robotics tools into Procore’s push for AI-powered jobsite automation.
Procore Technologies, Inc. (PCOR) agreed to acquire DroneDeploy, Inc. for approximately $845 million in cash, a deal designed to bring aerial and ground reality capture deeper into Procore’s construction platform. The all-cash transaction would add DroneDeploy’s robotics and imagery capabilities as Procore works to turn jobsite observations into AI-powered insights and actions.
The companies expect the acquisition to close later this year, subject to customary closing conditions, including required regulatory approvals. Procore didn’t disclose a cash price for each DroneDeploy share or a transaction premium. The announced value establishes the acquisition as a sizable commitment to owning more of the technology used to collect, interpret and act on information from active projects.
The combination will connect DroneDeploy’s unified aerial and ground capture tools with Procore's existing platform. That integration would give customers a way to translate jobsite imagery into information that can guide project decisions, extending the platform’s role from documenting work toward prompting actions based on changing conditions.
“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,” Procore President and Chief Executive Ajei Gopal said.
DroneDeploy’s fit rests on its combination of reality capture and robotics. Its technology would supply the visual record that Procore plans to use for AI-driven analysis, linking conditions in the field with the software used to manage a project. The planned cross-selling also gives Procore an immediate route to offer DroneDeploy’s products across its customer base while introducing Procore’s platform to DroneDeploy customers.
The agreement followed smaller transactions aimed at combining drone capabilities with broader technology platforms. Unusual Machines agreed in February 2025 to acquire drone fleet and airspace-management software provider Aloft Technologies in a mostly stock transaction valued at $14.5 million. Draganfly completed its acquisition of Skip Dynamix in June 2026 for consideration of up to $7.525 million, adding a fixed-wing drone architecture to its autonomy, AI and military-systems portfolio. Procore’s proposed purchase operates at a larger scale and applies the same integration logic to commercial jobsites: capture more activity in the field, analyze it within a larger platform and turn the resulting information into operational steps.
Until the regulatory reviews and other closing conditions are completed, DroneDeploy will remain outside Procore’s platform. If the transaction closes as planned, Procore’s first task will be cross-selling the two companies’ products; the longer-term test will be whether their combined technology can convert a continuous view of project activity into automated decisions and actions.