Versatile Secures $20M to Revolutionize Construction Productivity and Visibility

Versatile, a pioneering technology company at the forefront of revolutionizing the construction industry, today proudly announces a funding milestone of $20,000,000. Headquartered in Los Altos, Boca Raton, and Tel Aviv, Versatile is renowned for creating innovative solutions that empower construction professionals by offering unmatched visibility into their production rates. This new capital injection underscores the investor community’s confidence in Versatile’s ability to transform a traditionally fragmented industry into a streamlined, controllable process. With this funding, the company plans to further develop its advanced technology platform that delivers the right data to the right people at the right time, seamlessly integrating into existing workflows and elevating operational efficiency and safety. The funds will be strategically allocated towards refining data analytics and artificial intelligence capabilities, expanding market reach, and bolstering research and development initiatives aimed at enhancing productivity and predictability on construction sites. By equipping construction managers with precise insights, Versatile is enabling better management of current projects and more competitive bidding for future ventures. The engineering efforts and technological advancements supported by this investment are anticipated to drive significant increases in productivity while ensuring higher safety standards—a critical factor in an industry known for its challenging operational dynamics. This funding milestone not only propels Versatile into its next phase of growth but also reinforces its commitment to revolutionizing construction through innovative technology solutions. For those interested in learning more about Versatile’s transformative solutions and future plans, please visit www.versatile.ai.