Procore Technologies to acquire DroneDeploy for $845 million
Procore Technologies to acquire DroneDeploy for $845 million
Updated at: August 5, 2026 at 12:45 AM
On July 29, 2026, construction software giant Procore Technologies announced a major strategic move: the acquisition of DroneDeploy, a leading provider of visual intelligence and robotics, for $845 million in cash.
This deal is designed to transform Procore from a digital management platform into a true 'system of intelligence.'
While Procore has traditionally focused on managing paperwork like drawings and RFIs, the addition of DroneDeploy provides the 'eyes' needed to monitor physical job sites.
By merging Procore’s vast project management data with DroneDeploy’s visual records covering 20 trillion square feet, the companies plan to deploy AI agents that can automatically track progress, identify potential issues, and trigger necessary actions.
This technology is expected to help mitigate the industry's ongoing labor shortage by replacing time-intensive manual inspections with automated, robot-driven monitoring.
With DroneDeploy already active on 3 million job sites globally, the integration aims to revolutionize site safety and efficiency.
Pending regulatory approval, the acquisition is expected to close later in 2026, marking a significant step toward a more automated future for the construction industry.
