What is Versatile?
Versatile, based in Los Altos, California, is at the forefront of developing technology designed to provide construction professionals with unparalleled insights into their production rates. Crucially, its solutions integrate seamlessly without disrupting existing workflows, offering a significant advantage in an industry ripe for digital transformation. The company's focus on enhancing operational visibility positions it as a key player in modernizing construction processes.
How much funding has Versatile raised?
Versatile has raised a total of $100M across 2 funding rounds:
Series A
$20M
Series B
$80M
Series A (2020): $20M with participation from Rbvc, Insight Partners, Conductive Ventures, Root Ventures, and Entree Capital
Series B (2021): $80M led by Tiger Global and Insight Partners
Key Investors in Versatile
Tiger Global
Tiger Global is an independent contract manufacturing and sourcing group founded in 2003, headquartered in the United Kingdom.
Insight Partners
Insight Partners is a venture capital and private equity firm that invests in high-growth software companies. Their platform, GO, supports portfolio company leaders in fostering connections and scaling their businesses.
Rbvc
Robert Bosch Venture Capital GmbH (RBVC) is a global investment firm focused on innovative startups across all development stages, headquartered in Germany.
What's next for Versatile?
The substantial enterprise-level funding Versatile has attracted, particularly the recent strategic investment, signals a strong trajectory for scaling operations and further product development. This capital infusion is likely to fuel expansion into new markets, enhance its technological capabilities, and solidify its competitive position. The company's ability to deliver critical visibility without process disruption suggests a strategic focus on adoption and integration, which will be key to its continued growth and market penetration.
See full Versatile company page
