Procore acquires DroneDeploy to bring visual intelligence to construction sites
The acquisition merges DroneDeploy's robotics and visual data platform with Procore AI tools to automate site tracking and improve field safety.
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Construction management software platform
procore.comLast updated
In short: Procore acquired DroneDeploy for $845 million, integrated agentic AI across its platform, and achieved GAAP profitability in Q2 2026.
The acquisition merges DroneDeploy's robotics and visual data platform with Procore AI tools to automate site tracking and improve field safety.
Net proceeds will fund part of the DroneDeploy acquisition, capped call costs, and $175 million in share repurchases.
The notes due 2031 will be sold to qualified institutional buyers, with proceeds funding the DroneDeploy acquisition, capped calls, and share repurchases.
The acquisition will integrate DroneDeploy's aerial and ground reality capture into Procore's platform to enable AI-powered insights and actions.
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