{"_id":"agxzfmlsbGlzdHNpdGVyGAsSC05ld19Db21wYW55GICAwPLj5okKDA","lastupdate":"2024-09-18T00:00:00.000Z","update_date":"2024-09-18T00:00:00.000Z","lastModified":"Sep 18, 2024","active":1,"confidence_score":99,"confidence_score_reason":"markets","urlname":"versatile-natures","minimal_profile":null,"status":"","fullstatus":"","acquired":0,"hide_reason":null,"hide_reason_data":null,"hide_reasons":[{"id":"8257rxn4P8EFQOmS5hAAauHyYMhhxrA5u6yWX4XUShpybX3AMNo3Y9","reason":"Pending approval - External entity"},{"id":"aOIaOiiqfpA8UMw6VCTh8ueRmkG3lzDy1NGqEOaJbe11OrCzMTCCd6","reason":"The company is a service provider"},{"id":"ddgjKuc3GgH8E5UehSVJviRl471BCajL1plO8HtGoOojy2NivYqQ7x","reason":"Owner asked to delete"},{"id":"EjOKM211H1ira9J63oaGPuUxvr7Oba55TZo3NWsFO5uhbNu7o4x4zD","reason":"The company is not Israeli"},{"id":"J7fQJtnT3GdWWSE3MD8rzaW65LJ4jEIKxSZnneQiReONdZjG3zIqWe","reason":"Owner asked to hide in the meantime"},{"id":"NxlAC3ReFb5ksiYNLp2FnUyluoJzwRCYfcF7xpTZaPM53SdWQ5kv0B","reason":"Pending approval"},{"id":"RhC1tlwXzioK0MfzBII3H2wepEfQOfKVktmdwqeqTJjGi3ZaBWUqZo","reason":"The company is not innovative"},{"id":"S0Ed46vNI6vZYVxLedANWGjas23K6hY0QdsCtiGYL7lshqIEdLV3sA","reason":"The company ceased operations in Israel"},{"id":"VTANq7bEvlsEcPjp0ghelXfShaCosgndONGjgU730aAOxXtaDIF5j3","reason":"This is a product of an existing company"}],"type":"Startup","logokey":"$qT1zSMgO4px8OfEWPWIFa6f8EZHTPEyM9tFCcrGIud9M5gyZtJcx6Z","name":"Versatile","oneliner":"Process Control Solution for Construction Sites                          ","registrar":"515407690","website":"https://www.versatile.ai","careerspage":"https://www.versatile.ai/careers/","founded_month":2,"founded_year":2016,"formernames":["Versatile Natures"],"sociallinks":{"twitter":"https://twitter.com/versatileai","youtube":"","facebook":"","linkedin":"https://www.linkedin.com/company/18261248","instagram":""},"social":["https://twitter.com/versatileai","https://www.linkedin.com/company/18261248"],"flattenedsociallinks":"https://twitter.com/versatileai|https://www.linkedin.com/company/18261248","apps":{"appstore":"","googleplay":""},"is_claimed_by_owner":1,"employees":"201-500","employees_exact":348,"patent":0,"raised":108533000,"stage":"B","public_stage":"B","primary_sector_key":"agxzfmlsbGlzdHNpdGVyJAsSF0Jhc2VDbGFzc2lmaWNhdGlvbk1vZGVsGICA4Puanf0LDA","primary_sector":"Industrial Technologies","alternativenames":[""],"about":"Versatile addresses inefficiencies in construction, particularly with managing cranes and jobsite productivity, which can lead to delays, overtime, and suboptimal resource use.\n\nVersatile develops a hardware and software solution that collects data on crane activities, providing real-time insights to optimize crane usage, track site productivity, and improve decision-making.","climatetech_description":null,"is_climatetech_relevant":null,"phone":"","country":null,"address":{"israeli":[{"id":"4e42090d-ade2-4d10-901d-bef83b2a8b67","city":"Tel Aviv-Yafo","type":null,"address":"Soncino St 3, Tel Aviv-Yafo, Israel","placeid":null,"notactive":0,"openeddate":null,"registrarid":null,"firstrdcenter":0,"registrarname":null}],"officesabroad":[{"id":"fc90b181-993a-4e61-baa4-2fc8317e3d40","city":"Los Altos","address":"153 2nd Street, Los Altos, CA 94022, USA","country":"United States","placeid":null},{"id":"wx1CpiUSXd1ZWgs8bjIOs7S2l2e4VB88kMCpQM1iZKXhJIuudnVuNd","city":"Boca Raton","address":"Boca Raton, FL, USA","country":"United States","placeid":"ChIJJ_s278Ij2YgRyZVgyu6mPtI"}]},"headquarter_address":null,"district":"Center District","news":[{"id":"LlbFX39so36a9CnHrczUg9op6LVBDaLLFLSfVcwJJzRvB3cukVNhFT","date":"Feb 5, 2024","link":"https://www.calcalistech.com/ctechnews/article/sk03un09p","source":"www.calcalistech.com","visible":1,"analysis":{"tags":"Management Changes, Layoffs, Expand","company":"Versatile","layoffs":"24","summary":"Construction technology startup Versatile has appointed Eishay Smith as its new CEO, succeeding company founder Meirav Oren who will transition to the role of active chairman. Smith, who previously served as the companys General Manager in Israel and CTO, will oversee operations from Israel, while Oren will continue her chairmanship from Silicon Valley. This comes as part of a strategic organizational change that included the cancellation of activities in the U.S. and Israel, and the companys return to growth and recruitment in Israel. Versatile had previously secured $80 million in a Series B funding round led by Insight Partners and Tiger Global Management.","partners":"Not mentioned","customers":"Not mentioned","investors":["Insight Partners","Tiger Global Management"],"confidence":"9","key_topics":["CEO Appointment","Organizational Change","Funding","Growth","Layoffs"],"date_of_event":"2023","valuation_amount":"Not mentioned","impact_on_company":"growth-positive","investment_amount":"$80 million","structured_issues":["Management Changes","Layoffs","Expand"],"acquisition_amount":"Not mentioned","structuredIssuesShow":"#Management Changes  #Layoffs  #Expand","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"kD9MHTSLteGxvwrZlY7m9PaDwgEwGMkfk6DMMIn4REHZLuBIxj5cKe","news_summary":"Contech startup Versatile appoints Eishay Smith as new CEO | CTech","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"53c7e6d0-f096-4978-8ca9-86917267c5e5","date":"Sep 14, 2021","link":"https://en.globes.co.il/en/article-israeli-ai-construction-optimization-co-versatile-raises-80m-1001384776","source":"en.globes.co.il","visible":1,"analysis":{"tags":"construction technology","company":"Versatile","layoffs":null,"summary":"Versatile, an Israeli AI construction optimization company, has completed an $80 million Series B financing round led by Insight Partners and joined by Tiger Global. 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Since its launch in 2019, CraneView has been adopted by over 40% of the leading general contractors in North America.","partners":null,"customers":null,"investors":"Insight Partners, Tiger Global, Robert Bosch Venture Capital GmbH, Entrée Capital, Root Ventures, Conductive Ventures, Leigh Jasper, Rob Philpot","confidence":9,"key_topics":["CraneView","Series B financing","artificial intelligence","internet of things","construction optimization"],"date_of_event":"September 14, 2021","valuation_amount":null,"impact_on_company":"growth-positive","investment_amount":"$80 million","structured_issues":["Investment","Expand"],"acquisition_amount":null,"structuredIssuesShow":"#Investment  #Expand","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"PzeoWBKnVGwBLAasRsVQVviAJJe3xZmBiQl1HcJeWxLXCAiCtGrBGX","news_summary":"Israeli AI construction optimization co Versatile raises $80m","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"dbb1bcb5-7bc7-4269-a159-1c64c9ef7f13","date":"Dec 4, 2020","link":"https://builtworlds.com/news/20-million-round-led-by-insight-partners-meirav-orens-versatile-may-constructions-global-startup/","source":"builtworlds.com","visible":1,"analysis":{"tags":"Construction tech AI Startup","company":"Versatile","layoffs":null,"summary":"Versatile, a Construction tech AI Startup, has experienced growth-positive impact. The company has attracted international investors and raised significant funding rounds. In August 2019, Versatile secured a $5.5 million Seed round led by Robert Bosch Venture Capital and Conductive Ventures. In June 2020, the company was recognized as a Technology Pioneer by the World Economic Forum. This month, Versatile announced a $20 million funding round led by Insight Partners and joined by Entree Capital. The company has made inroads into the US Construction industry and has been praised for its predictive analytics capabilities. Versatile is positioning itself as a leading player in the global construction technology market.","partners":null,"customers":null,"investors":"Robert Bosch Venture Capital, Conductive Ventures, Leigh Jasper, Rob Phillpot, Insight Partners, Entree Capital","confidence":9,"key_topics":["Seed Round","International Investors","US Construction industry","Predictive Analytics","Global ecosystem"],"date_of_event":"June 2020","valuation_amount":null,"impact_on_company":"growth-positive","investment_amount":"$20 million","structured_issues":["Partners","Investment"],"acquisition_amount":null,"structuredIssuesShow":"#Partners  #Investment","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"yJMmU5blBUvXctugolTLyuFFdHc9nA7aRklQOrx6OjvRlkwyXHTTWh","news_summary":"With $20 Million Round Led by Insight Partners & Joined by London's Entree Capital, Meirav Oren's Versatile May Be Construction's Most Global Startup - BuiltWorlds","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"a462c0d7-ae49-411d-8b4b-333eda833502","date":"Dec 3, 2020","link":"https://www.themarker.com/technation/.premium-MAGAZINE-1.9345322?fbclid=IwAR1EiKFfiI5BxDeYFB8VQuWjq7kyRSYLAWQlbTRG68kO_EF_pNqmiuKdjW4","source":"www.themarker.com","visible":1,"analysis":{"entityGrowthIconPath":"none;"},"sentiment":null,"analysisId":"SnqfEDPZk3XIDexfJeQ3g6AzlAV7pYt71LLxdM4xKuYs71ES3wG9uZ","news_summary":"\"תמיד מישהו מחכה למנוף\": מירב אורן סגרה 20 מיליון דולר בסיבוב הראשון","analysisStructuredIssuesDisplay":"none","analysisImpactOnCompanyDisplay":"block"},{"id":"62d0b9d1-aa41-4d0b-9edd-6bf476d798d4","date":"Dec 3, 2020","link":"https://techcrunch.com/2020/12/03/ai-construction-startup-versatile-raises-a-20m-series-a/?tpcc=ECTW2020","source":"techcrunch.com","visible":1,"analysis":{"tags":"construction, data analysis","company":"Versatile","layoffs":null,"summary":"San Francisco-based construction startup Versatile has raised $20 million in a Series A funding round led by Insight Partners and Entree Capital. The company has developed hardware that can be mounted to a crane to capture and analyze data across construction sites. With the funding, Versatile plans to accelerate the availability of its technology and develop additional AI components for users. The construction industry, which spends around $10 trillion annually, is ripe for investments that promise greater efficiency.","partners":null,"customers":null,"investors":["Insight Partners","Entree Capital","Robert Bosch Venture Capital GmbH","Root Ventures","Conductive Ventures"],"confidence":9,"key_topics":["Series A funding","construction technology","data analysis","efficiency in construction","AI development"],"date_of_event":null,"valuation_amount":null,"impact_on_company":"growth-positive","investment_amount":"$20 million","structured_issues":["Investment"],"acquisition_amount":null,"structuredIssuesShow":"#Investment","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"t5WaGvRlqY4MIb9bYk5t9PRqw6wTapnTN3pBxuoTkPaoQC2pVWwh2p","news_summary":"AI construction startup Versatile raises a $20M Series A","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"5f298f42-4f71-46ad-b33f-8f3d098151c9","date":"Jul 21, 2020","link":"https://jbknowledge.com/the-contechcrew-227-meirav-oren-versatile-sensors","source":"jbknowledge.com","visible":1,"analysis":{"tags":"Investment, Expansion","company":"Versatile","layoffs":"Not mentioned","summary":"The article is a transcript of an interview with Meirav Oren, the CEO of Versatile, a company that uses sensors on crane hooks to collect data from construction sites. The data collected helps to understand the load style and how it relates to the manufacturing process on a construction site. The company recently announced a partnership with the Crosby Group, which provides all of Versatiles load-bearing elements. Versatile has also raised funding from the co-founders of Aconex and Bosch.","partners":"Crosby Group","customers":"Ydar, Turner","investors":"Aconex, Bosch","confidence":8,"key_topics":"Construction, Technology, Investment","date_of_event":"Not mentioned","valuation_amount":"Not mentioned","impact_on_company":"growth-positive","investment_amount":"Not mentioned","structured_issues":"Investment, Expand","acquisition_amount":"Not mentioned","structuredIssuesShow":"#Investment, Expand","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"ZQbhRqSMIXOfpvsD5EutUqAuUQKC624gAG4j32DdcdFX5UdAd6zYF7","news_summary":"The ConTechCrew 227: Hooked on Sensors with Meirav Oren from Versatile","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"8f2a54e4-6777-4cc4-933f-c46666e4131f","date":"Jul 15, 2020","link":"https://www.constructionjunkie.com/blog/2020/7/14/versatileai-turns-your-tower-crane-into-a-data-collecting-powerhouse-using-ai","source":"www.constructionjunkie.com","visible":1,"analysis":{"tags":"data collection, construction equipment","company":"Versatile.ai","layoffs":null,"summary":"Versatile.ais hardware and software solution called CraneView collects data from cranes to make better business decisions in construction projects. The CraneView hardware measures load, weight, and motion, and is equipped with cameras and sensors. The collected data is compiled into meaningful charts and graphs using software. Turner Construction Company has used CraneView on some projects and has seen considerable productivity gains, reducing the project schedule by 17 days. The insights gained from the data have led to data-driven decisions that positively impacted productivity. Proactive use of the insights is necessary to gain real value from the technology.","partners":null,"customers":"Turner Construction Company","investors":null,"confidence":8,"key_topics":["Cranes","Data collection","Hardware and software solution","Productivity gains","Project management"],"date_of_event":null,"valuation_amount":null,"impact_on_company":"growth-positive","investment_amount":null,"structured_issues":["Customers","Partners"],"acquisition_amount":null,"structuredIssuesShow":"#Customers  #Partners","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"S72eyjlxBPG5Ky9WcEtF2eiqUqLhZNKvMWJReoT7968XleY9wMVSJw","news_summary":"Versatile.ai Turns Your Crane into a Data Collecting Powerhouse Using AI - Construction Junkie","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"8096b730-b3ed-44e4-b94e-15a0f41c55f9","date":"Jun 4, 2020","link":"https://www.enr.com/articles/49509-turner-construction-finds-major-productivity-gains-in-sensor-system-for-cranes","source":"www.enr.com","visible":1,"analysis":{"tags":"","company":"","layoffs":"","summary":"","partners":"","customers":"","investors":"","confidence":"","key_topics":[],"date_of_event":"","valuation_amount":"","impact_on_company":"","investment_amount":"","structured_issues":[],"acquisition_amount":"","entityGrowthIconPath":"none;"},"sentiment":"","analysisId":"5r5UU24tRB14t9HP5TQkWWb4oID04TiI34Y1xScvxZmTMHXSGG2twS","news_summary":"Turner Construction Finds Major Productivity Gains in Sensor System for Cranes","analysisStructuredIssuesDisplay":"none","analysisImpactOnCompanyDisplay":"block"},{"id":"f67619ee-c665-420d-99a7-7fe9e45d1f5d","date":"Apr 15, 2020","link":"https://www.cranesy.com/versatiles-craneview-crosbys-conexpo-booth/","source":"www.cranesy.com","visible":1,"analysis":{"tags":"partnership","company":"Versatile","layoffs":null,"summary":"Versatiles CraneView™ loadbearing and measuring assembly will be exhibited at The Crosby Groups booth at ConExpo-Con/Agg. Versatile has partnered with The Crosby Group to deliver a platform that helps project teams make decisions in the field. The partnership integrates Versatiles CraneView™ with Crosby Straightpoints load monitoring technology and rigging hardware. The product provides real-time insights for cycle time, overtime, and crane demobilization. The Crosby Group will showcase a range of products at the exhibition. Versatiles previous client engagements have shown positive impacts on crane cycle time reduction, overtime reduction, and earlier crane demobilization. The product will be showcased at The Crosby Groups booth at ConExpo-Con/Agg.","partners":["The Crosby Group"],"customers":null,"investors":null,"confidence":8,"key_topics":["CraneView","loadbearing","measuring assembly","ConExpo-Con/Agg","partnership"],"date_of_event":"March 10-14, 2020","valuation_amount":null,"impact_on_company":"growth-positive","investment_amount":null,"structured_issues":["Partners"],"acquisition_amount":null,"structuredIssuesShow":"#Partners","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"ZcbcHyBJzwBKMLVoJk973DbjUhai7Sx41UwvdL9Rb58ZlSqPmsaXbl","news_summary":"Versatile's CraneView at Crosby's ConExpo booth - Cranesy","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"4143e5d1-72e4-496c-86b7-a1e372960ef0","date":"Aug 21, 2019","link":"https://en.globes.co.il/en/article-versatile-natures-raises-55m-to-cut-building-site-deaths-1001298024","source":"en.globes.co.il","visible":1,"analysis":{"tags":"construction site data, AI, IoT, software platform, seed financing","company":"Versatile Natures","layoffs":null,"summary":"Israeli construction site data startup Versatile Natures has raised $5.5 million in a seed financing round led by Bosch Venture Capital. The companys AI and IoT sensor-based software platform for construction sites reduces inefficiencies and improves onsite safety. The platform provides detailed analysis on project status and delivers real-time actionable insights to construction managers. Versatile Natures aims to revolutionize the construction industry by increasing efficiency and empowering professionals on construction sites.","partners":null,"customers":null,"investors":"Bosch Venture Capital, Conductive Ventures, Root Ventures, Leigh Jasper, Rob Phillpot","confidence":9,"key_topics":["construction site data","AI","IoT","software platform","seed financing"],"date_of_event":"August 21, 2019","valuation_amount":null,"impact_on_company":"growth-positive","investment_amount":"$5.5 million","structured_issues":["Investment"],"acquisition_amount":null,"structuredIssuesShow":"#Investment","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"GGZDqDnenhbnlqERC6MTnvmoaGxNUB2mnQfvgGVKNhVgbhefwPAHae","news_summary":"Versatile Natures raises $5.5m to cut building site deaths","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"67c25a54-30ea-4395-ba64-49d1985ad83c","date":"Feb 28, 2017","link":"http://www.haaretz.com/israel-news/business/1.774517","source":"www.haaretz.com","visible":1,"analysis":{"tags":["construction","technology","innovation"],"company":"Versatile Natures","layoffs":null,"summary":"Israeli startup Versatile Natures has developed technology to make cranes smart, aiming to improve efficiency and safety in the construction industry. The companys software uses sensors in the cranes hook to identify the load, speed, and location on the building site, and can warn of potential collisions or dangers. Versatile Natures recently completed the proof of concept stage and is seeking investment. The construction industry has been slow to adopt digital methods, but there is growing interest among investors in construction technology. The field is in its infancy but has raised $800 million since 2012. Contractors are starting to show interest in investing in high-tech solutions to improve productivity and streamline processes.","partners":null,"customers":null,"investors":null,"confidence":8,"key_topics":["construction industry","technology adoption","startups","real estate","innovation"],"date_of_event":null,"valuation_amount":null,"impact_on_company":"growth-positive","investment_amount":null,"structured_issues":["Investment","Expand"],"acquisition_amount":null,"structuredIssuesShow":"#Investment  #Expand","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"IzGGkKogpdRmlWo6mIFNbc0FR1MrDOUDfuNurCZhFTMBimeZKal2cd","news_summary":"The startups that connect the bulldozers to the cloud","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"ebd2dd69-cee6-4134-b3a6-d7b212d8df05","date":"Nov 17, 2016","link":"http://jewishbusinessnews.com/2016/11/17/meirav-oren-our-woman-entrepreneur-of-the-month/","source":"jewishbusinessnews.com","visible":1,"analysis":{"tags":["Internet of Things","construction sites","data mining","efficiency","startups"],"company":"Versatile Ventures","layoffs":null,"summary":"Meirav Oren, co-founder and CEO of Versatile Ventures, is developing technology to bring the Internet of Things to construction sites. The Israeli startup aims to integrate construction cranes with a central server to improve efficiency. By connecting cranes to the internet, Versatile Ventures can collect and analyze data to provide real-time insights and alerts, potentially saving construction sites over $1 million. The company recently won a cash award from the MassChallenge accelerator program and is looking to raise $2 million in seed funding. Meirav Oren hopes to expand the company, bring in interns, and have more employees. Versatile Ventures aims to get its product to the market within 12 to 18 months.","partners":null,"customers":null,"investors":null,"confidence":8,"key_topics":["Internet of Things","construction cranes","data mining","efficiency","startups"],"date_of_event":null,"valuation_amount":null,"impact_on_company":"growth-positive","investment_amount":"$2 million","structured_issues":["Expand"],"acquisition_amount":null,"structuredIssuesShow":"#Expand","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"axUNLuRVDufKIBKJANS5ZgINFTxLRImhyW4FAQVyTg9LWuuPKIfxNZ","news_summary":"Meirav Oren: Our Woman Entrepreneur of the Month","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"}],"newsNumber":12,"techcommunityinvolvement":null,"mediagallery":[{"id":"4ddf0011-8e03-4e7c-950d-fc930665e5d0","timestamp":"2020-12-20 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