United States · Information technology & services startup

Versatile

Versatile is a construction technology company that leverages artificial intelligence (AI) and the internet of things (IoT) to enhance jobsite productivity and safety.

Funding reportedLast round: Series B

Information technology & servicesLos Altos, United States

About Versatile

Versatile is a construction technology company that leverages artificial intelligence (AI) and the internet of things (IoT) to enhance jobsite productivity and safety.

Founded in 2016 and headquartered in Los Altos, California, with additional offices in Boca Raton, Florida, and Tel Aviv, Israel, Versatile aims to transform construction into a fully controllable process. The company's flagship product is an AI-powered jobsite data collection platform that captures real-time performance data through a sensor device mounted under the hook of cranes. This platform provides features such as real-time production data, automated daily reports, mobile alerts for performance anomalies, and predictive analytics to optimize scheduling. Versatile serves steel erectors, general contractors, and fabricators, helping them execute projects more efficiently and reduce costs. By delivering timely insights, Versatile empowers construction professionals to make informed decisions that enhance productivity and safety on job sites.

What company datasets say Versatile raised

Funding, as reported

Reported in all$109Min dollars
Rounds6
Last roundSeries B
Last round size$80M
Last round dateSept 2021
Investors listed16
SEC Form D$20M sold, 1 filing, last Dec 2020

Founders and team

From the SEC filings it signed: 2 on the team.

  • Danny HermannExecutive Officer, Directori
  • Meirav OrenExecutive Officer, Director, Promoteri

On the board, as filediGad TorenNikitas Koutoupes

The company, in detail

What they build

Known for

constructioninformation technology & servicesconstruction technologyartificial intelligenceadvanced process controliotmachine learningaisoftware development

Built with from their website

Linkedin Sign-inIoTHubSpot Sales HubPendo.Google Tag ManagerAmazon CloudFrontHREF LangAWS Trusted AdvisorGoogle AdsYouTube

+8 more

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Sector
Information technology & services
Industry code
NAICS 51321, 334419, SIC 7372, 3679
Region
California
Revenue
$29M a year, as listed
Full record
Every detail in the company directory

Information technology & services in United States

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