StageSeries B | Alive
Last Raised$25M | 1 yr ago
Verusen specializes in materials inventory and data management technology that uses artificial intelligence to reduce working capital and support more agile supply chains. The company's cloud platform harmonizes disparate materials inventory data from ERP and other systems for more proactive materials management, while also providing predictive capabilities that continually optimize inventory allocation and identify procurement needs.
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Expert Collections containing Verusen
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Verusen is included in 3 Expert Collections, including Supply Chain & Logistics Tech.
Supply Chain & Logistics Tech
Companies offering technology-driven solutions that serve the supply chain & logistics space (e.g. shipping, inventory mgmt, last mile, trucking).
This collection includes startups selling AI SaaS, using AI algorithms to develop their core products, and those developing hardware to support AI workloads.
Latest Verusen News
Mar 21, 2023
Atlanta, Georgia, UNITED STATES CHICAGO, March 21, 2023 (GLOBE NEWSWIRE) -- Verusen , the AI leader driving supply chain material intelligence, today announced the launch of its AI-powered Supply Chain Business Intelligence capability to its Verusen Trusted Material application . Verusen will showcase the new offering at ProMat Chicago , March 20-23rd (ProMat Booth #S2684). The new Business Intelligence capability provides procurement and operations teams, from senior management to front-line workers, with data-driven insights in the form of actionable and interactive reports and dashboards. Users gain increased clarity and materials visibility to view, filter, export, and share reports enabling decision-making that leads to improved business performance and bottom-line savings. “In 2023, supply chains continue their transition past the pandemic world, embracing advanced technologies,” said Paul Noble , CEO and founder of Verusen. “However, data is still siloed, and collaboration between operations and procurement teams is challenged by limited visibility, data staleness, and manual efforts to collect and share data. Working in disparate silos, procurement and operations teams are frequently in conflict, with traditionally misaligned goals limiting execution at scale. We’re thrilled to be able to empower these groups with visual and actionable reporting and analytics to drive alignment and add a new level of collaboration and strategic decision-making. Having these kinds of insights is critical to advancing business. Companies can now collaborate seamlessly, efficiently, and effectively across their enterprise supply network.” With Verusen’s latest offering, customers and cross-functional teams can achieve improved data visibility and communications. Manufacturers can leverage Verusen’s platform to implement better decision-making for streamlined and strategic material management. They can interact, filter, and customize material reports to drive improved business outcomes - including inventory and risk optimization and tail spend analysis, without the need for data cleanses. To learn more about Verusen’s collaborative Business Intelligence capability visit: https://verusen.com/verusens-business-intelligence-capability/ About Verusen Verusen is a leading Supply Chain Materials Intelligence provider focused on helping global manufacturers streamline their supply and materials management strategy. Verusen utilizes advanced data science and artificial intelligence to harmonize disparate material data across multiple enterprise systems to provide complex supply chains with material truth for supply and inventory planning and procurement intelligence. This helps organizations reduce risk, optimize working capital, and ensure production uptime to meet customer needs. The result is a foundation organizations can trust to fuel digital transformation and support supply chain maturity initiatives. Headquartered in Atlanta, Verusen has been named one of Georgia’s Top 10 Innovative Technology Companies. Visit verusen.com for more information, or follow us on Twitter at @Verusen_AI and LinkedIn . PR Contact:
Verusen Frequently Asked Questions (FAQ)
When was Verusen founded?
Verusen was founded in 2015.
Where is Verusen's headquarters?
Verusen's headquarters is located at 75 5th St NW, Atlanta.
What is Verusen's latest funding round?
Verusen's latest funding round is Series B.
How much did Verusen raise?
Verusen raised a total of $35.95M.
Who are the investors of Verusen?
Investors of Verusen include Zetta Venture Partners, Glasswing Ventures, Forte Ventures, Kubera Venture Capital, BMW i Ventures and 6 more.
Who are Verusen's competitors?
Competitors of Verusen include Creactives and 2 more.
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