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Procore to acquire DroneDeploy for $845 million

PUBLIC · PCORJul 29, 2026•11 days ago

Acquiring Company

PROCORE TECHNOLOGIES

Acquired Company

DroneDeploy

CarpinteriaInformation TechnologySoftwareMobileCommerce And ShoppingConsumer GoodsSoftwareRobotics

Description

Procore Technologies, Inc. has entered into a definitive agreement to acquire DroneDeploy, Inc. for approximately $845 million in cash. This acquisition aims to create a next-generation platform enhancing jobsite visualization and management. The deal is subject to customary purchase price adjustments.

Company Information

Company

PROCORE TECHNOLOGIES

Location

6309 CARPINTERIA AVE.

Carpinteria, California, United States

About

Procore Technologies, Inc. (NYSE: PCOR) is a leading technology partner for every stage of construction. Built for the industry, Procore’s unified technology platform drives efficiency and mitigates risk through AI & data-driven insights and decision making. Over three million projects have run on Procore across 150+ countries.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

Frequently asked

Who acquired DroneDeploy?

DroneDeploy was acquired by PROCORE TECHNOLOGIES, based in Carpinteria. The deal was reported on July 29, 2026. Procore Technologies, Inc. (NYSE: PCOR) is a leading technology partner for every stage of construction. PROCORE TECHNOLOGIES is publicly traded (PCOR) and operates in Information Technology.

When did PROCORE TECHNOLOGIES acquire DroneDeploy?

PROCORE TECHNOLOGIES's acquisition of DroneDeploy was reported on July 29, 2026. Procore Technologies, Inc. has entered into a definitive agreement to acquire DroneDeploy, Inc. for approximately $845 million in cash. This acquisition aims to create a next-generation platform enhancing jobsite visualization and management. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does DroneDeploy do?

DroneDeploy, Inc. offers a robotics and visual intelligence platform for the built world. Their platform is widely used on over 3 million jobsites across more than 180 countries. It is privately held, operating in Software.

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