Versatile Secures $80 Million In Series B To Further Its Mission To Drive Predictive, Controllable Processes In Construction
Versatile Secures $80 Million In Series B To Further Its Mission To Drive Predictive, Controllable Processes In Construction
09/14/21, 12:12 PM
Location
san franciscoMoney raised
$80 million
Industry
data and analytics
software
Round Type
series b
Versatile®, a construction technology pioneer using artificial intelligence (AI) and the internet of things (IoT) to optimize construction processes, today announced it has secured $80 million in Series B funding. Insight Partners led the round, joined by Tiger Global. The investment will support the company’s rapid growth and strengthen its data-driven capabilities. It will also help expand Versatile’s service to insurers and across the construction value chain.
Company Info
Location
san francisco, california, united states
Additional Info
Headquartered in Los Altos, CA, Versatile creates technology that gives construction professionals unmatched visibility into their production rates. By delivering the right data to the right people at the right time while naturally fitting existing processes, a fragmented industry becomes a controllable manufacturing process. The result? Increased productivity, predictability and safety with the insights needed to manage and bid future projects more competitively.
Want to learn more? Visit: www.versatile.ai, follow us on Twitter @versatileai and LinkedIn or email us at letstalk@versatile.ai.