Versatile

Company Overview

Snapshot

Founded in February 2016 by Meirav Oren (Fainaru), Danny Hermann, Ran Oren, and Barak Cohen, Versatile operates with 201–500 employees. The company has successfully raised $108.53 million across 6 funding rounds from 11 investors, with Insight Partners notably leading a Series A round in December 2020.

Business overview

Versatile develops a hardware and software solution designed to enhance efficiency and productivity on construction sites, specifically targeting crane operations. The company's core product collects real-time data on crane activities, providing insights to optimize usage, track site productivity, and improve decision-making. Versatile serves the construction and real estate industries, operating within the Industrial Technologies sector, with a focus on process automation and intelligence systems.

Strategic signal

In February 2024, Versatile appointed Eishay Smith as its new CEO. This leadership change signals a strategic move to potentially steer the company through its next phase of growth and market expansion, indicating a focus on strengthening executive leadership to capitalize on its established technology in construction optimization.

Company Intelligence Q&A

Who was appointed as the new CEO of Versatile?

In February 2024, Eishay Smith was appointed as the new CEO of Versatile.

Which investors participated in Versatile's September 2021 funding round?

Insight Partners and Rob Phillpot participated in Versatile's funding round in September 2021.

When was Versatile founded and by whom?

Versatile was founded in February 2016 by Meirav Oren (Fainaru), Danny Hermann, Ran Oren, and Barak Cohen.