Versatile Overview
Versatile addresses inefficiencies in construction, particularly with managing cranes and jobsite productivity, which can lead to delays, overtime, and suboptimal resource use. Versatile 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.
Cumulative Funding Raised Over Time ($)
Latest News
growth-positive
Contech startup Versatile appoints Eishay Smith as new CEO | CTech
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.
Management ChangesLayoffsExpand
growth-positive
Israeli AI construction optimization co Versatile raises $80m
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. The funds will be used to strengthen its data-driven capabilities and expand services to insurers and across the construction value chain. Versatiles leading product, CraneView, collects data on construction progress and process, providing insights on jobsite performance. Since its launch in 2019, CraneView has been adopted by over 40% of the leading general contractors in North America.
InvestmentExpand
growth-positive
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
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.
PartnersInvestment
"תמיד מישהו מחכה למנוף": מירב אורן סגרה 20 מיליון דולר בסיבוב הראשון
growth-positive
AI construction startup Versatile raises a $20M Series A
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.
Investment
| Sector | Industrial Technologies |
Funding
| Total funding | $108.53M |
| Last funding | $80M |
| Stage | B |
| Rounds | 6 |
| Investors | 11 |
Team Members
6
Employees: 201-500
Web & Social Links
| Website | www.versatile.ai |
| Careers | Careers page |
Locations
Soncino St 3, Tel Aviv-Yafo, Israel
153 2nd Street, Los Altos, CA 94022, USA
Boca Raton, FL, USA
Photos & Videos
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