Verusen

Verusen

AI-driven materials management solutions for manufacturing

About Verusen

Simplify's Rating
Why Verusen is rated
A-
Rated B on Competitive Edge
Rated A on Growth Potential
Rated A on Rating Differentiation

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 materials management solutions for the manufacturing sector, focusing on optimizing Maintenance, Repair, and Operations (MRO) inventory. Its platform uses artificial intelligence to ensure that companies have the right materials at the right time, reducing waste and improving efficiency. Unlike competitors, Verusen provides a subscription-based software-as-a-service (SaaS) platform that delivers actionable insights for better decision-making. The company's goal is to help large manufacturing enterprises streamline operations and achieve significant cost savings.

Simplify Jobs

Simplify's Take

What believers are saying

  • Verusen's AI-driven platform offers an 8X return on investment within a year.
  • Strategic partnerships with Hexagon and ATS enhance Verusen's supply chain optimization capabilities.
  • The appointment of Jeremiah Woodford as CRO strengthens Verusen's executive sales leadership.

What critics are saying

  • Rapid expansion into new verticals may stretch Verusen's resources and impact service quality.
  • Reliance on AI for inventory decisions exposes Verusen to risks of biases and inaccuracies.
  • Integration challenges with legacy data systems could hinder Verusen's data insights accuracy.

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.
  • Verusen provides predictive inventory capabilities to optimize allocation and procurement needs.

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Funding

Total Funding

$39.1M

Below

Industry Average

Funded Over

4 Rounds

Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.
Series B Funding Comparison
Below Average

Industry standards

$35M
$30M
Patreon
$45M
Linktree
$65M
Substack
$100M
ClickUp

Benefits

Health Insurance

Dental Insurance

Vision Insurance

401(k) Retirement Plan

401(k) Company Match

Flexible Work Hours

Growth & Insights and Company News

Headcount

6 month growth

-2%

1 year growth

-1%

2 year growth

-6%
Verusen
Mar 6th, 2025
Hexagon and Verusen Announce Strategic Partnership to Drive Supply Chain Optimization

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.

PR Newswire
Feb 25th, 2025
Advanced Technology Services (Ats) Partners With Verusen To Drive Greater Operational Efficiencies Cost Savings In Mro Asset Management

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

yshxfjstlc
Oct 17th, 2024
New Verusen AI solution targets operational risk through spare-parts evaluation - SiliconANGLE

Artificial intelligence-powered supply chain management software firm Verusen today announced the launch of AI for Spare Parts Criticality, a new evaluation and optimization solution that understands item criticality and operational risk to drive improved stocking strategies for enterprises and manufacturers.

Investors Observer
May 21st, 2024
Verusen Expands into Exciting New Vertical Markets Globally; Appoints MRO Industry Veteran Jeremiah Woodford as CRO; Broadens Executive Sales Leadership With Additional New Hires

To meet this growing need, Verusen has appointed MRO industry veteran Jeremiah Woodford as Chief Revenue Officer (CRO), responsible for leading the entire sales process, including revenue and sales pipeline creation, market development, and sales operation.

Hypepotamus
Feb 19th, 2024
Monday "Fund" Day: What Happened For Startups The Week Of February 12, 2024

13. There was a lot to love about the Valentine’s Day week. We saw startups raise big VC rounds, add new C-Suite talent, and land new big corporate partnerships. To start off the week, we are rounding up the big headlines from last week across the Southeast. Here is what you need to know to catch up on all the big news:. WHO RAISED Document Crunch, a Florida and Georgia-based startup, closed its $9 million Series A

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