Versatile, a company using machine learning and AI to optimize construction processes, today announced that it has raised $20 million in Series A funding. The round was led by Insight Partners and Entree Capital, and joined by previous investors Robert Bosch Venture Capital GmbH, Root Ventures, Conductive Ventures, and veteran construction technology entrepreneurs Leigh Jasper and Rob Phillpot. The new funding will allow Versatile to continue to rapidly scale its award-winning product across the $10…"Leading Construction Tech Company Versatile Secures $20 Million Series A Investment"
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Manufacturers are continually developing and using technology to automate processes that were formerly performed by employees. While there may be advantages and disadvantages to this type of automation, different levels of automation offer various opportunities for forward-thinking companies. Here is a closer look at some of the potential benefits of automation and the different levels at which automation can be implemented at a manufacturing facility. Many of the benefits of automation are obvious. First and…"The Growing Influence of Automation in Manufacturing"
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