DroneDeploy acquires StructionSite, M&A is here

DroneDeploy acquires StructionSite, M&A is here

We are in the stage of the innovation cycle where capital costs are driving consolidation as investors and customers alike are looking for scale and value. Specifically, big corporates are very focused on moving budget to well capitalized and enduring technology companies and the the tech firms in this pole position are about to be major beneficiaries of this budget consolidation. I believe we are going to see a lot of this M&A within our theme over the next 1-2 years.

Energize has been an investor in DroneDeploy since 2017 and our thesis was reality capture technologies to advance the sustainability markets. We believed that there could be one defacto capture and analytics platform and have witnessed the DroneDeploy team achieve that mission.

Today DroneDeploy announced the acquisition of StructionSite. While DroneDeploy is the leader in aerial capture and increasingly in robotic ground based capture, they were missing the handheld and more indoor capture method. StructionSite brings that technology and customer set to the platform.

This is what the company wrote on LinkedIn:

We could not be more excited to announce our agreement to acquire StructionSite, the leading provider of ground reality capture for the construction industry.

Together, we will create the world’s most complete reality capture platform – enabling users to perform aerial, ground, interior and exterior capture in one integrated solution.

This agreement meets industry demand for and accelerates both DroneDeploy and StructionSite’s roadmaps to build “a single platform to document, inspect and measure the exterior and interior of their assets and infrastructure”.

For more information 👉 https://lnkd.in/d3jnG-5t

It will be exciting to see the new scale of DroneDeploy.

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