DroneDeploy Acquisition, Valuation, Funding & Investors
DroneDeploy was acquired by Procore for $845M in July 2026, a 10.8x multiple on $78M of revenue.
DroneDeploy revenue at acquisition
$78M
Last twelve months · Jul 2026
DroneDeploy revenue multiple at acquisition
10.8x
EV/Revenue · Jul 2026
Cumulative funding DroneDeploy raised
$158M
across 8 funding rounds
About DroneDeploy
DroneDeploy is a San Francisco-headquartered platform combining drone imagery, 360 cameras, ground robots, and AI for reality capture in construction, energy, and agriculture. The system automates site mapping, progress tracking, and volumetric measurements used by Fortune 500 firms. DroneDeploy processes millions of acres annually for field operations.
Founded
2013
HQ
San Francisco, CAWebsite
Status
Acquired
Customer focus
B2B
Revenue model
Subscription
Revenue
$78M (Jul 2026)
Valuation
$44M (Mar 2015)
DroneDeploy Acquisition
DroneDeploy was acquired by Procore for $845M on 28 July 2026.
The acquisition price implies a 10.8x revenue multiple on $78M of revenue.
Before the acquisition DroneDeploy had raised $158M across 8 funding rounds.
Procore Technologies agreed on July 27, 2026 to acquire DroneDeploy for approximately USD 845 million in cash, subject to customary purchase price adjustments for working capital, transaction expenses, cash, and indebtedness. The transaction also includes a retention pool for certain DroneDeploy service providers, and Procore arranged a debt financing commitment of up to USD 700 million through a 364-day senior secured bridge loan facility to help fund the acquisition. DroneDeploy’s TTM revenue is about USD 78 million, implying a transaction multiple of roughly 10.8x revenue. Strategically, Procore said the deal is intended to create a next-generation platform that sees, understands, and acts on the jobsite, combining DroneDeploy’s robotics and visual intelligence capabilities with Procore’s construction management software footprint across more than 3 million jobsites in over 180 countries. The acquisition is framed as a data and AI play centered on proprietary jobsite imagery and capture infrastructure, rather than a hardware purchase, and closing is expected later in 2026 subject to customary approvals. DroneDeploy is a robotics and visual intelligence platform for the built world and has been used across a very large global jobsite base. The company had previously raised roughly USD 142 million in venture funding, and the transaction price is positioned as a large premium over that capital base. Procore’s second-quarter 2026 revenue was USD 375.2 million, and its quarterly filing also disclosed the merger agreement and purchase-price mechanics.
| Acquirer | Date | Type | Price | EV/Revenue |
|---|---|---|---|---|
| 28 Jul 2026 | Strategic M&A | $845M | 10.8x |
DroneDeploy Valuation
DroneDeploy is currently valued at $44M, based on its Series A in March 2015.
The $9M round was led by Emergence Capital, with participation from DCVC, Uncork Capital and AngelPad.
DroneDeploy valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Mar 2015 | Series A | $44M |
DroneDeploy Funding History
DroneDeploy has raised a total of $158M across 8 funding rounds.
DroneDeploy's first fundraising round was a $2M seed round in September 2014. The most recent completed round was a $15M Series A in September 2025.
DroneDeploy funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Sep 2025 | Series A | Emergence Capital (lead); Scale Venture Partners (lead); Bessemer Venture Partners; Uncork Capital; Airtree Ventures | $15M | - | DroneDeploy, a San Francisco-based reality capture platform, reached break-even in September 2025, becoming fully self-sustaining and enabling reinvestment of all earnings into product development. The company secured $15 million in strategic funding from existing investors, including co-lead investors Emergence Capital and Scale Venture Partners, as well as Airtree Ventures, Bessemer Venture Partners, and Uncork Capital. This round, announced on September 9, 2025, targets acceleration of AI and robotics initiatives. The funding supports Progress AI, a vision-language solution that generates instant progress reports from drone flights and 360° walkthrough data with over 95% accuracy, and Safety AI for site analysis. It also expands robotics capabilities, including autonomous quadrupeds like Boston Dynamics’ Spot, aerial drones, and future humanoid systems, building on the 2023 acquisition of Rocos to power robot deployments at scale. Customers such as Turner Construction and Layton Construction use these tools to cut inspection times by over 95% on hyperscale data center projects. DroneDeploy's disciplined growth approach, prioritizing operational fundamentals over high valuations post-2021, distinguished it from competitors. The platform has captured data across over 1.7 million sites in more than 180 countries, positioning it at the intersection of AI, robotics, and industrial automation for construction, inspection, and site management amid trends like data center booms and regulatory advancements in airspace. |
| Jan 2021 | Series E | Airtree Ventures (lead); Energize Capital (lead); Scale Venture Partners; Emergence Capital; BluePointe Ventures; Bessemer Venture Partners; Frontline Ventures; Uncork Capital; AngelPad | $50M | - | DroneDeploy raised $50 million in a Series E funding round in February 2021, co-led by Airtree Ventures and Energize Ventures, with participation from investors including Bessemer Venture Partners, Emergence Capital, Scale Venture Partners, and others, bringing total funding to $142.6 million as of 2021. The company develops a cloud-based smart drone management platform that collects and analyzes aerial imagery data, offering mapping and analytics features like 360-degree live map tours for sectors including construction, mining, and agriculture. It generates revenue through monthly subscription plans starting at $99 for basic access and $299 for advanced tools, and reported 259% enterprise growth in 2020. The platform enables users to capture site data via drones and ground sources, transforming it into actionable insights. DroneDeploy planned to expand operations in Europe and pursue strategic acquisitions following the round. Later developments include reaching break-even and raising a strategic $15M in 2025 from existing investors like Emergence Capital, Scale Venture Partners, Airtree Ventures, Bessemer Venture Partners, and Uncork Capital to invest in AI, robotics, Progress AI, Safety AI, and autonomous systems beyond drones. |
| Nov 2019 | Series D | Bessemer Venture Partners (lead); Scale Venture Partners; Emergence Capital; Employee Stock Option Fund; Energize Capital; Uncork Capital; Airtree Ventures | $35M | - | DroneDeploy, a leading enterprise-grade drone software platform for mapping and inspections, closed a $35 million Series D funding round on November 13, 2019, led by Bessemer Venture Partners with participation from Airtree Ventures, Emergence Capital, Energize Capital, Scale Venture Partners, and Uncork Capital. This round brought the company's total funding to $90 million. Bessemer partner David Cowan joined the board, alongside Tracy Young from PlanGrid. The funding will support international expansion, entry into new industries, and development of its software suite. The round followed strong momentum, including entry into the drone inspections market, partnerships with Airbus and Skydio, and serving customers across oil & gas, construction, mining, solar, agriculture, insurance, wind, and search & rescue. At the time, DroneDeploy had over 5,000 customers who had mapped more than 100 million acres and conducted one million flights annually. The company anticipated some customers operating fleets of over 1,000 drones in 2020. DroneDeploy's CEO Mike Winn highlighted the platform's role in delivering faster, safer insights for enterprise drone operations, aligning with growing commercial drone adoption. |
| Oct 2018 | Seed | Drone Fund | $2M | - | - |
| Jun 2018 | Series C | Energize Capital (lead); Scale Venture Partners; Emergence Capital; Uncork Capital; AngelPad; Airtree Ventures | $25M | - | DroneDeploy, a San Francisco-based cloud-based drone mapping and data platform, raised $25 million in Series C funding on June 26, 2018, led by the Invenergy Future Fund with participation from other investors. The platform enables users to capture, analyze, and manage drone data for applications in construction, agriculture, energy, and other industries, boasting over 30,000 users who had mapped 30 million acres across 400,000 job sites in 180 countries at the time. The funding was intended to expand its ecosystem of over 80 apps and integrations, accelerate industry-specific solutions, and invest in AI to address workflow challenges. The company highlighted strong product-market fit with features like real-time mapping via Live Map, enterprise cloud capabilities for large-scale operations, and partnerships with SoftBank, Accenture, and The Climate Corporation. Investors noted DroneDeploy's leadership in power and energy sectors, driven by customer feedback on ROI and risk reduction. This round built on prior growth, positioning DroneDeploy as the largest commercial drone software platform by user base and data volume. No financial metrics such as post-money valuation, revenue, ARR, EBITDA, or valuation multiples were disclosed in announcements or contemporaneous reports for this specific round. Later developments include additional funding, such as a $50M Series E in 2021 co-led by Energize Ventures and AirTree Ventures, and reaching break-even with a $15M strategic raise in 2025, but these do not pertain to the 2018 round queried. |
| Aug 2016 | Series B | Scale Venture Partners (lead); High Alpha; WND Ventures; AngelPad | $20M | - | DroneDeploy, a San Francisco-based provider of software for drones, raised $20 million in its Series B funding round in August 2016, led by Scale Venture Partners with participation from High Alpha, AngelPad, and others including WND Ventures. This brought the company's total funding to $31 million at the time. The platform enables businesses to plan drone flights, coordinate missions, capture data, and generate maps and 3D models, targeting industries such as agriculture, construction, insurance, and real estate. The funding was intended for product expansion, hiring, sales and marketing, market reach, and R&D to capitalize on upcoming FAA Part 107 rules simplifying commercial drone use. DroneDeploy's technology focuses on drone data management, making aerial data useful for enterprises, with potential extensions to ground-based autonomous robots. Scale Venture Partners' Rory O’Driscoll joined the board, comparing it to early SaaS successes and emphasizing growth in sales teams and product features for large teams. The round aligned with rising drone investments in 2016, where drone companies captured significant agtech funding. Later developments include a 2018 Series C at approximately $163 million valuation and a 2021 Series E at about $498 million, but these involve different investor compositions. In 2025, DroneDeploy reached break-even and raised $15 million strategically from existing backers including Scale Venture Partners for AI and robotics advancements like Progress AI. |
| Mar 2015 | Series A | Emergence Capital (lead); DCVC; Uncork Capital; AngelPad | $9M | $44M | DroneDeploy raised $9 million in its Series A funding round on March 31, 2015, led by Emergence Capital with participation from AngelPad, DCVC (Data Collective), and SoftTech VC. This followed a $2 million seed round in September 2014 from SoftTech, Data Collective, and AngelPad. The post-money valuation was $43.63 million, with a price per share of $1.48 and approximately 6,086,298 shares outstanding. DroneDeploy provides cloud-based SaaS software for commercial drone operators, enabling autonomous flight planning, data capture, and processing into actionable formats like 3D models and maps. The platform targets industries including agriculture, construction, mining, and real estate, with subscriptions starting at $99 per month. At launch out of beta, it supported drones like DJI Phantom series, 3DR IRIS+, and AgEagle fixed-wing UAVs, and announced a key partnership with DJI, which held 60-70% market share. The funding supported expansion to more platforms and industries, scaling operations, and developing advanced features like automated data processing and change detection. Kevin Spain from Emergence Capital joined the board. |
| Sep 2014 | Seed | Uncork Capital (lead); Redpoint; DCVC; AngelPad | $2M | - | - |
Who has invested in DroneDeploy?
15 investors have backed DroneDeploy across its funding rounds, including Uncork Capital, Scale Venture Partners, Emergence Capital, AngelPad, Airtree Ventures and Bessemer Venture Partners.
Lead investors include Emergence Capital, Scale Venture Partners, Airtree Ventures, Energize Capital, Bessemer Venture Partners and 1 other investor.
DroneDeploy Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| San Francisco, CA | 6 | Lead | Sep 2014 | |
| San Francisco, CA | 5 | Lead | Aug 2016 | |
| San Francisco, CA | 5 | Lead | Mar 2015 | |
| San Francisco, CA | 5 | Participant | Sep 2014 | |
 Sydney | 4 | Lead | Jun 2018 | |
| San Francisco, CA | 3 | Lead | Nov 2019 | |
| Chicago, IL | 3 | Lead | Jun 2018 | |
| United States | 2 | Participant | Sep 2014 | |
| San Francisco, CA | 1 | Participant | Sep 2014 | |
| San Francisco, CA | 1 | Participant | Jan 2021 | |
| Indianapolis, IN | 1 | Participant | Aug 2016 | |
| San Francisco, CA | 1 | Participant | Aug 2016 | |
 London | 1 | Participant | Jan 2021 | |
This data is available for Pro users. Sign up to see all 15 DroneDeploy investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAcquisitions by DroneDeploy
DroneDeploy has acquired 2 companies to date.
Last acquisition by DroneDeploy was on October 12th 2022. DroneDeploy acquired StructionSite for undisclosed valuation.
Latest Acquisitions by DroneDeploy
| Description | StructionSite is an Oakland-headquartered construction technology firm using 360-degree cameras and machine vision to automate progress tracking and quantity takeoffs on job sites. Established in 2016, the platform aggregates installation metrics across projects for builders in commercial and residential sectors, enhancing bid accuracy nationwide. StructionSite integrates with Procore and Autodesk for real-time documentation and regional portfolio oversight. | Rocos is a Vienna-based platform for managing and automating global robot fleets. The cloud-native solution connects robots, ground control stations, and operator interfaces across hybrid networks, supporting developers in scaling deployments. Used by robotics firms like Boston Dynamics and Agility Robotics, Rocos enables remote operations, fleet analytics, and over-the-air updates. The platform facilitates entry into markets in Europe, North America, and Asia, reducing operational costs through centralized control. |
| HQ Country | |  |
| HQ City | San Francisco, CA | Auckland |
| Deal Date | 12 Oct 2022 | 11 Aug 2021 |
| Valuation | undisclosed | undisclosed |
| EV/Revenue | ||
| EV/EBITDA | ||
This data is available for Pro users. Sign up to see all DroneDeploy acquisitions and their M&A valuation multiples. Start Free Trial | ||
DroneDeploy Competitors
DroneDeploy competitors include listed companies like Kodiak AI and Extreme Vision, and private ones like Forterra, Haomo.AI, Skyryse and Innovusion.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| United States | Publicly listed | $4M | ($577M) | $768M | 98.7x | |
| Washington, DC | Private | - | $82M | $1B | - | |
 Beijing | Private | - | - | $1B | - | |
| China | Publicly listed | $44M | ($6M) | $1B | 11.6x | |
| Los Angeles, CA | Private | - | - | $1.1B | - | |
| San Francisco, CA | Private | - | - | $1.2B | - |
DroneDeploy Public Comps
DroneDeploy is no longer listed, but its public comps include Kodiak AI, Elsight, Robosense, Extreme Vision, Aeva, Red Cat Holdings, Droneshield, People & Technology, Cidi and Eacon Group.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $4M | ($577M) | 233.9x | 98.7x | (1.5x) | (6.6x) | |||
| $23M | $6M | 30.7x | 15.3x | 117.5x | 34.5x | |||
| $289M | ($19M) | 2.1x | 1.6x | (31.9x) | (52.9x) | |||
| $44M | ($6M) | 22.8x | 11.6x | (163.7x) | - | |||
| $18M | ($139M) | 54.7x | 35.6x | (7.1x) | (8.7x) | |||
| $41M | ($72M) | 19.0x | 6.6x | (10.7x) | (8.8x) | |||
| $154M | $3M | 6.7x | 5.8x | 321.0x | (254.5x) | |||
| $542M | $77M | 1.2x | 1.2x | 8.8x | 11.5x | |||
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Common questions about DroneDeploy
| When was DroneDeploy founded? | DroneDeploy was founded in 2013. |
| Where is DroneDeploy headquartered? | DroneDeploy is headquartered in San Francisco, CA, United States. |
| Is DroneDeploy publicly listed? | No, DroneDeploy was acquired by Procore in July 2026. |
| Who acquired DroneDeploy? | DroneDeploy was acquired by Procore in July 2026. |
| How much was DroneDeploy acquired for? | DroneDeploy was acquired for $845M in July 2026, a 10.8x revenue multiple. |
| What is DroneDeploy's valuation? | DroneDeploy was last valued at $44M in its Series A in March 2015. |
| How much funding has DroneDeploy raised? | DroneDeploy has raised $158M across 8 funding rounds. |
| What was DroneDeploy's last funding round? | DroneDeploy's last funding round was a $15M Series A in September 2025, led by Emergence Capital and Scale Venture Partners. |
| Who are DroneDeploy's investors? | DroneDeploy's investors include Uncork Capital, Scale Venture Partners, Emergence Capital, AngelPad, Airtree Ventures, Bessemer Venture Partners, Energize Capital, DCVC, Redpoint, BluePointe Ventures and 5 others. |
| Which companies are comparable to DroneDeploy? | Companies comparable to DroneDeploy include Kodiak AI, Forterra, Haomo.AI, Extreme Vision, Skyryse and Innovusion. |
| How many companies has DroneDeploy acquired? | DroneDeploy has acquired 2 companies, including StructionSite and Rocos. |
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