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Versatile

Los Altos, US · Founded 2019 · Delaware corporation · 398 employees on LinkedIn · 9 known investors

Find your way into Versatile

460 people in our graph share verified history with the Versatile team — schools, employers, funds. One of them is your warm intro.

Assaf Arakiunlockedknows MEIRAV OREN · together at Intel Corporation (overlapped)
×10knows the team · via Intel Corporation
knows the team · via Bar-Ilan University

Versatile.ai serves the construction industry, though specific product details are not provided on this "Who We Are" page.

Also known as VERSATILE · Versatile, Inc. · Versatile.ai

Founders & leadership

Versatile was founded in 2019 by MEIRAV OREN.

MOMEIRAV OREN
MEIRAV ORENinCo-Founder & Executive ChairwomanMeirav Oren co-founded Versatile in 2016 to develop construction technology. Previously, she led business operations and financial services at Intel and managed international projects with cross-functional teams.
DHDANNY HERMANN
DANNY HERMANNinCPO, Co- Founder & Board Member2017–2022

Board

NKNIKITAS KOUTOUPES
NIKITAS KOUTOUPESin𝕏Board MemberManaging Director at Insight Partners
GT
GAD TORENBoard director

Investors · 9

Funding

SEC filings, press & company announcements

$20M disclosed across 1 of 3 rounds · 2020–2021

$20MraisedDec 2020 · 6 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • DANNY HERMANNExecutive Officer, Director
  • NIKITAS KOUTOUPESDirector
  • MEIRAV ORENExecutive Officer, Director, Promoter
  • GAD TORENDirector
Offering amount
$20M
Amount sold
$20M
First sale
Nov 2020
Incorporated
Corporation, Delaware, 2019
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Company profile

researched Aug 2026

Versatile develops an AI-based "crane intelligence" system for the construction industry, combining a below-the-hook hardware device mounted on site cranes with a software platform (referred to as the Control Center) and a mobile application. The device passively captures data during each crane pick, producing measurements of pace, progress, and problems without requiring crews to change how they work or perform manual data entry. According to the company, the system measures thousands of data points within the pick cycle, allowing production rates and outliers to be identified [0][1][3].

The current site positions the offering for steel erectors, promising visibility into every pick, sequence, and delay [0][1]. Product capabilities described by the company include operational records with photos and timestamps (for example, crane hook time allocation and change-order verification), mobile alerts for events such as no-fly-zone infractions or the start of the day's first task, and outlier reports that flag anomalies before they affect the schedule [3]. The mobile app provides real-time jobsite data, schedule management, insights, and a material-tracking inventory search feature [2]. Deployment is described as a three-step process: the Versatile team uploads site plans, models, and schedules; the customer's team installs the devices on cranes in minutes; and data becomes accessible remotely [3].

The hardware is described as crane-type, make, and ownership agnostic, built on a durable frame for construction environments, and certified as an under-the-hook lifting accessory with the same weight capacity as the crane on which it is used. Crosby-branded rigging hardware is integral to the below-the-hook device, and Crosby is identified as a strategic partner [3]. A third-party directory describes the company as creating technology that gives construction professionals visibility into production rates, with the aim of turning a fragmented industry into a controllable manufacturing-like process [4][6].

Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
Cumulative crane picks capturedJan 202612,843,504 picks
Employee count (range)Jan 202651-100
Google Play app downloadsJan 20261K+
Picks underlying reported 2020 client resultsJan 2020350,000 picks
Reported improvement in crane utilizationJan 2020+25%
Reported improvement per steel erection sequenceJan 20201 day
Reported reduction in pour cycle per concrete pourJan 20201 day
Reported savings with AI-powered progress reporting using 4D BIMJan 2020$70K
Total funding raised (third-party directory)Aug 2026$80M

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Timeline · 4

launches, deals, and filings
Jul 2026
Inventory Search feature added to material tracking in mobile app

Google Play release notes dated 2026-07-28 describe a new Inventory Search feature for material tracking, plus general improvements and bug fixes.

source ↗

Jan 2026
Crosby named strategic partner for below-the-hook rigging hardware

Crosby-branded rigging hardware is integral to the Versatile below-the-hook device; the company lists Crosby as a strategic partner.

source ↗

Feb 2022
Named to The Tech Tribune's 2022 Best Tech Startups in Los Altos

Listed fourth on The Tech Tribune's 2022 Best Tech Startups in Los Altos; also honored in the 2021 edition.

source ↗

Sep 2021
Versatile secures $80M Series B

A BuiltWorlds directory entry links to a press item titled "Versatile Secures $80M Series B"; a VC directory dates an $80.0M Series B to September 2021.

$80M source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

Legal entities · 1

corporate structure
VersatileDelaware

In the news

Research sources · 8

primary sources listed

8 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Versatile do?
Versatile provides a crane-mounted hardware and AI software system that passively captures construction jobsite productivity data.
Who founded Versatile?
Versatile was founded by MEIRAV OREN in 2019.
Who are Versatile's investors?
Versatile's investors include Bosch Ventures, Conductive Ventures, Entrée Capital, Insight Partners, Robert Bosch Venture Capital, Root Ventures Manager, Llc, Root Ventures, Third Sphere and 1 more.
How much funding has Versatile raised?
Versatile has disclosed $20M raised across 1 of its 3 known rounds.
Where is Versatile headquartered?
Versatile is headquartered in Los Altos, US.