# Versatile: Information technology & services, Los Altos, United States

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

Source: https://millionrounds.com/startup/versatile-2 (Millionrounds; every figure on the page links to its filing or article)

United States · [Information technology & services startup](https://millionrounds.com/companies)

# 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 reported Last round: Series B

Information technology & services Los Altos, United States

Company summary

- **Founded:** 2016 10 years old
- **Team:** 400 201 to 1,000 people
- **Funding reported:** $109M in dollars
- **Last round:** Series B Sept 2021

How sure we are

- ✓ **Listed** We know it exists and what it does
- 2 **Funding reported** A company dataset reports a raise
- 3 **Observed** A filing or a dated announcement confirms a round

No round for Versatile has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology)

## 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 **$109M** in dollars

Rounds **6**

Last round **Series B**

Last round size **$80M**

Last round date **Sept 2021**

Investors listed **16**

SEC Form D **$20M sold, 1 filing, last Dec 2020**

## Founders and team

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

- **Danny Hermann** Executive Officer, Director i
- **Meirav Oren** Executive Officer, Director, Promoter i

On the board, as filed i *Gad Toren* *Nikitas Koutoupes*

## The company, in detail

What they build

Known for

construction information technology & services construction technology artificial intelligence advanced process control iot machine learning ai software development

Built with from their website

Linkedin Sign-in IoT HubSpot Sales Hub Pendo. Google Tag Manager Amazon CloudFront HREF Lang AWS Trusted Advisor Google Ads YouTube

+8 more

Google Workspace CloudFlare Viewport Meta ByteDance Hubspot Cloudflare WAF Facebook SDK X (Twitter)

- **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](https://millionrounds.com/directory/versatile)

## Information technology & services in United States

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- [**Harvey** San Francisco · founded 2022 *Raised*](https://millionrounds.com/company/harvey)

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