PROCORE TECHNOLOGIES, INC. acquires DroneDeploy, Inc.

PROCORE TECHNOLOGIES, INC. acquired DroneDeploy, Inc. for Approximately $845.0 million in cash, a transaction announced in July 2026, structured as All-cash merger. Wholly-owned Merger Sub (DF Merger Sub, Inc.) merges with and into DroneDeploy, which becomes a wholly-owned subsidiary of Procore. Purchase price ~$845.0M cash, subject to customary working-capital, transaction-expense, cash and other adjustments..

Brings DroneDeploy's unified aerial and ground reality-capture and robotics/visual-intelligence capabilities into the Procore platform, turning jobsite imagery into AI-powered insights and autonomous action; foundational to Procore's AI strategy and its evolution from a system of record to a system of intelligence for construction.

Brings DroneDeploy's unified aerial and ground reality-capture and robotics/visual-intelligence capabilities into the Procore platform, turning jobsite imagery into AI-powered insights and autonomous action; foundational to Procore's AI strategy and its evolution from a system of record to a system of intelligence for construction.

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

Advisory firms were not disclosed for this transaction.

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