Procore Technologies acquires DroneDeploy for $845M

DroneDeploy offers both ground and aerial automated inspections. , a construction management software provider, this week said it will acquire DroneDeploy for approximately $845 million in cash. DroneDeploy offers a robotics and visual intelligence platform for the built world that has been used on over 3 million job sites across more than 180 countries.

“I am very excited to bring DroneDeploy’s outstanding team, technology and track record of customer success to Procore,” stated Ajei Gopal, president and CEO of Procore. ” “For the longer term, adding DroneDeploy’s technology into the Procore platform will enable us to accelerate our AI strategy and deliver digital co-workers that track what’s happening on a project, make sense of it, and then take action to change the outcome,” he said. DroneDeploy said its visual intelligence technology bridges the physical world, including active construction sites and operational assets, with the digital world.

The San Francisco-based company claimed that it provides real-time visibility into daily operations. Today, construction teams collaborate in Procore, documenting observations and driving actions within the platform. DroneDeploy said it captures visual information, and when combined with Procore AI, that data can be translated into iobservations to drive autonomous action within Procore.

DroneDeploy bridges the gap between project data, jobsite reality Procore said the connection between project data and jobsite reality is foundational to its AI strategy as it evolves from the system of collaboration and record to the system of intelligence for construction. DroneDeploy provides perception through three-dimensional ground and aerial imaging, spanning drones ; ground-deployed robots; and mobile, fixed, and wearable cameras. The companies said the combination of their technologies will enable users to to see, understand, and act within Procore.

Construction teams can automatically document observations, identify issues earlier, and take actions to improve how projects get built, they asserted. “DroneDeploy was built to give people who build, power, and feed our world a source of truth about the physical site,” said Mike Winn, CEO of DroneDeploy. ” “Joining Procore accelerates that mission,” he added.

“Going forward, we remain committed to delivering the best ground and aerial reality-capture solutions—deeply integrated into Procore to drive automated action—while building on our early investments in AI and robotics. ” The companies said they can replace manual jobsite inspections with multi-modal perception capabilities. A range of cameras, drones, and robots can regularly evaluate construction sites and automatically initiate appropriate responses securely, compliantly, and in context.

Procore and DroneDeploy bring together two large datasets Once completed, the transaction will bring together two extensive, domain-specific datasets: Procore’s record of construction decision-making—encompassing nearly 400 million photos, over 126 million drawings, and over 10 million RFIs (requests for information), submittals, and inspections in the past year alone DroneDeploy’s visual record of physical builds, spanning approximately 20 trillion sq. ft. of visual data for the built world, tens of millions of user-generated annotations, and more than 100,000 labeled safety issues.

Procore said it plans to integrate capabilities for construction, including real-time perception and advanced reasoning, as well as a secure, collaborative, and auditable platform where actions are taken. The company said such a system would allow it to deliver digital co-workers for the field and the back office, saving both time and money. The transaction is expected to close later this year, subject to customary closing conditions, including the receipt of required regulatory approvals.

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