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Verusen
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AI-driven materials management solutions for manufacturing
Verusen
Work Here?
AI-driven materials management solutions for manufacturing
About Verusen
Industries
Industrial & Manufacturing
Enterprise Software
AI & Machine Learning
Company Size
51-200
Company Stage
Series B
Total Funding
$39.1M
Headquarters
Atlanta, Georgia
Founded
2015
Overview
Verusen offers intelligent materials management solutions for the manufacturing sector, focusing on optimizing Maintenance, Repair, and Operations (MRO) inventory. Its platform uses artificial intelligence to provide visibility into inventory across various locations, helping clients make better decisions and improve efficiency. Unlike competitors, Verusen's software-as-a-service model delivers actionable insights that lead to significant cost savings, with clients reporting an 8X return on investment within a year. The company's goal is to streamline operations for large manufacturing enterprises by ensuring they have the right materials at the right time.
Simplify's Take
What believers are saying
- Verusen's Explainable AI Agent enhances transparency, crucial for regulated industries like pharmaceuticals.
- Strategic partnership with Hexagon expands Verusen's asset management capabilities and client base.
- New AI solution for Spare Parts Criticality improves stocking strategies, reducing downtime costs.
What critics are saying
- Rapid expansion into new markets may stretch resources, affecting service quality.
- Explainable AI Agent adoption may face challenges if clients lack training or understanding.
- Dependency on Hexagon's technology could pose risks if partnership dynamics change.
What makes Verusen unique
- Verusen uses AI to optimize MRO inventory, reducing waste and improving efficiency.
- The platform harmonizes disparate material data across multiple ERP systems for better visibility.
- Verusen's SaaS model provides actionable insights, leading to significant cost savings for clients.
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Funding
Total Funding
$39.1M
Below
Industry Average
Funded Over
4 Rounds
Industry standards
Benefits
Health Insurance
Dental Insurance
Vision Insurance
401(k) Retirement Plan
401(k) Company Match
Flexible Work Hours
Growth & Insights and Company News
6 month growth
↓ -1%1 year growth
↓ -3%2 year growth
↓ -4%Headquartered in Atlanta, Verusen has been named to the Inc. 5000 fastest-growing private companies list and one of Georgia's Top 10 Innovative Technology Companies.
MRO intelligence provider Verusen has introduced its Explainability AI Agent to enhance data- and context-driven optimization of materials and inventory.
Graphic Packaging, a leading packaging manufacturer, has been investing heavily in technology transformation, partnering with Verusen for the past four years to enhance their supply chain intelligence.
This collaboration aims to transform supply chain optimization by combining Hexagon's advanced asset management capabilities with Verusen's AI-driven inventory and procurement solutions.
PEORIA, Ill., Feb. 25, 2025 /PRNewswire/ -- Advanced Technology Services, Inc. (ATS) has entered into a strategic partnership with Verusen, combining ATS's deep expertise in industrial maintenance, asset management, and reliability with Verusen's purpose-built, AI platform. This collaboration is designed to help manufacturers optimize MRO asset management while driving greater operational efficiencies and cost savings
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About Verusen
Industries
Industrial & Manufacturing
Enterprise Software
AI & Machine Learning
Company Size
51-200
Company Stage
Series B
Total Funding
$39.1M
Headquarters
Atlanta, Georgia
Founded
2015
There are no jobs for Verusen right now.
Find jobs on Simplify and start your career today