Procore agrees to acquire DroneDeploy for USD 845 million cash
PCOR•Procore to buy DroneDeploy for cash
Procore agreed to buy DroneDeploy for about USD 845 million in cash, subject to customary purchase price adjustments.
The deal adds DroneDeploy’s drone, robotics, and reality-capture platform to Procore’s construction software to generate AI-driven jobsite insights and actions.
Combination brings together construction and visual data
The combination brings together Procore’s construction workflow data with DroneDeploy’s visual dataset covering about 20 trillion square feet of imagery.
Closing is expected later this year, subject to customary closing conditions, including required regulatory approvals.
