Versatile Secures $80 Million In Series B To Further Its Mission To Drive Predictive, Controllable Processes In Construction

Sep 14, 2021•almost 4 years ago

Amount Raised

$80 Million

Round Type

series b

San FranciscoData And AnalyticsSoftware

Description

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 Information

Company

Versatile

Location

San Francisco, California, United States

About

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.

Funding Insights

Based on industry data

Tech investment trends

83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

Versatile Secures $80 Million In Series B To Further Its Mission To Drive Predictive, Controllable Processes In Construction

Description

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Funding Insights

Company Information