Procore agrees to buy DroneDeploy for $845 million, Energize Capital says.
- DroneDeploy signed an agreement to be acquired by Procore in a $845 million deal.
- The transaction pairs Procore’s construction management platform with DroneDeploy’s reality-capture software used on more than 3 million jobsites.
- The combination aims to deepen Procore’s on-site capture and AI capabilities by integrating DroneDeploy’s visual data and automation tools.
- The deal is expected to close later this year, subject to customary closing conditions.
- Energize Capital highlighted the transaction as its fourth portfolio acquisition exit in the past 12 months.
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