Ultrawis

Company Overview

Snapshot

Founded in February 2019 by Lior Avitan and Erez Gernitzky, Ultrawis operates with 11–50 employees. The company has raised $6 million across four funding rounds from three investors. In February 2019, Ultrawis secured a grant from the Israel Innovation Authority.

Business overview

Ultrawis provides digital solutions to enhance crane operations on job sites, leveraging artificial intelligence (AI), machine learning (ML), and augmented reality (AR). Their Widesite platform offers features such as task planning, asset management, and real-time safety alerts to streamline workflows, reduce project timelines, and improve productivity and safety. The company serves the construction, infrastructure projects, and heavy industry sectors, optimizing operations and mitigating risk.

Strategic signal

In November 2020, Ultrawis introduced a system designed to enable ground-level control of tower cranes. This development signals a significant advancement in operational safety and efficiency within the construction and heavy industry sectors, demonstrating the company's commitment to leveraging technology for remote and automated control, which could reduce on-site risks and enhance project management.

Company Intelligence Q&A

What is Ultrawis's core product?

Ultrawis's core product is the Widesite platform, which uses AI, ML, and AR to enhance crane operations on job sites, offering features like task planning, asset management, and real-time safety alerts.

When was Ultrawis founded and by whom?

Ultrawis was founded in February 2019 by co-founders Lior Avitan, who serves as CEO, and Erez Gernitzky, who is the CTO.

What was a key early funding event for Ultrawis?

In February 2019, Ultrawis secured a grant from the Israel Innovation Authority, which was an early non-equity funding event for the company.

What significant technological development did Ultrawis announce in late 2020?

In November 2020, Ultrawis announced a system designed to control tower cranes from the ground, aiming to improve safety and efficiency in crane operations.

Which investor participated in Ultrawis's seed round?

In February 2019, Incubit Ventures participated as an investor in Ultrawis's seed funding round.