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Procore Acquires Reality Capture Platform DroneDeploy for $845M
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Engineering News-Record
Construction technology firm Procore said July 29 it will acquire drone data company DroneDeploy, Inc. for $845 million in cash.
DroneDeploy's reality capture platform for both drone and ground data has been used on more than 3 million jobsites around the world, according to the company.
Procore is known for its project management software platform and DroneDeploy has been a player itself in the merger game with its past acquisition of StructionSite.
"Over the last decade, our customers have consistently told us the same thing—they want reality capture to be a native part of how they work, not another tool bolted on,” said Mike Winn, CEO of DroneDeploy.
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."