Procore acquires DroneDeploy for $845M cash to enhance AI and reality capture

PROCORE TECHNOLOGIES, INC.

Purchase price ~$845M cash, subject to adjustments; expected close by end of 2026.
Procore obtained $700M bridge loan commitment from Goldman Sachs; closing not conditioned on financing.
DroneDeploy used on 3M+ jobsites in 180+ countries; provides drone/robot reality capture.
Procore plans to cross-sell DroneDeploy and integrate with Procore AI for automated jobsite insights.
Procore's financial outlook excludes DroneDeploy contributions.

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