Versatile
Latest round
- Series B
Last raised
- Sep 2021
Total raised
- $89M
Investors
- 8
About Versatile
Based in the US, Versatile, Inc.Founded in 2016 and headquartered in Los Altos, US, Versatile, Inc. specializes in providing construction technology solutions. The company was established by founders Barak Cohen, Danny Hermann, Meirav Oren, and Ran Oren.Versatile offers an innovative hardware and software solution designed to streamline construction site operations by collecting and analyzing valuable jobsite production data. Their core product, Versatile®, provides real-time insights into crane usage, helping clients optimize crane pick efficiency, reduce unnecessary overtime, and enhance overall site productivity. The solution generates daily reports from numerous data points throughout the pick cycle, empowering construction teams to make informed decisions that positively influence safety and task efficiency.Revenue for Versatile is structured around a subscription model that grants clients access to its comprehensive suite of tools and data analytics. The company engages in B2B transactions, partnering with construction firms that utilize the Versatile solution for improved operational efficiency. Clients benefit from high-precision crane usage reports and insights generated through the platform, which are seamlessly integrated into their existing project management software. The revenue model encompasses tiered pricing plans based on the scale of usage or number of cranes monitored, allowing firms to tailor their subscriptions to match their operational demands.In September 2021, Versatile, Inc. The company plans to launch new products aimed at improving operational efficiencies within construction sites, although specific release dates for these products are currently not disclosed. Additionally, Versatile is focused on expanding into new geographic regions, targeting market opportunities in Europe and Asia by 2023.
Who invested in Versatile
8 investors across 5 rounds
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Questions about Versatile
Who invested in Versatile?
Versatile has 8 investors on record across 5 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Versatile raised?
Versatile has raised 5 venture rounds. Sign up free to see how much each round raised and the total.
When did Versatile last raise money?
Versatile's most recent round on record is a Series B, in Sep 2021.
What does Versatile do?
Based in the US, Versatile, Inc.
Where is Versatile headquartered?
Versatile is headquartered in Los Altos, US.
Which VCs invest in companies like Versatile?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at Versatile's stage. Their profiles are linked below.
VCs backing software startups at Series B
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