V

Versatile

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Company Research Report: Versatile



Company Overview



  • Name: Versatile

  • Mission: Versatile is committed to bringing data-driven precision to construction, helping professionals make rapid, data-driven decisions that enhance jobsite productivity and safety.

  • Founded By:

  • Meirav Oren

  • Danny Hermann

  • Barak Cohen

  • Ran Oren

  • Headquarters: Los Altos, California | Boca Raton, Florida | Tel Aviv, Israel

  • Number of Employees: No information is available.

  • Revenue: No information is available.

  • Known For: Versatile is known for its AI-powered solutions that revolutionize the construction industry by turning cranes into smart devices with IoT technology to provide actionable insights.


Products



Versatile Solution



  • Overview: The Versatile solution offers a combination of hardware and software to collect non-intrusive, valuable jobsite production data. It helps in reducing crane utilization times and optimizing site productivity.

  • Key Features:

  • Data Collection: Real-time data collection from construction sites to aid in informed decision-making.

  • Automation: Daily insights and reports generated automatically to enhance safety and efficiency.

  • Productivity Monitoring: Provides insights into crane utilization, load details, and project progress.

  • Scheduler: A feature to optimize crane activity, comparing planned schedules against actual activities.


Recent Developments



  • New Features:

  • Scheduler: Introduced on June 20, 2023, this tool enhances crane activity management by allowing users to compare planned vs. actual performance, identify bottlenecks, and improve collaboration on site.

  • Partnerships:

  • Versatile has collaborated with Procore as of September 20, 2023, to revolutionize construction data management.

  • A strategic partnership with The Crosby Group to enhance safety and reliability in site productivity solutions.


Case Studies and Industry Impact



  • Versatile has been recognized among the top 10 Construction AI companies for transforming the construction landscape.

  • Projects like Turner Construction and Gilbane have substantially benefited from using Versatile's CraneView product for data collection and analysis, showcasing improvements in productivity and project management.


Additional Information



  • Blog and Resources: Versatile offers insights into the construction industry through regular blog posts and updates, including discussions on DEI (Diversity, Equity and Inclusion) and AI's role in revolutionizing construction.

  • Strategic Goals: The company aims to transform construction into a controllable process much like manufacturing, emphasizing safety and efficiency on jobsites.




This report provides a comprehensive overview based on available data about Versatile, highlighting its mission, products, key developments, and impact on the construction industry. Further data may be needed for detailed financial and employee metrics.