About Verusen
Verusen is an Industrial Goods & Manufacturing company based in Atlanta (United States) founded in 2019 by Paul J Noble. AI-enabled platform for enterprise material and inventory management is provided. Verusen has raised $33 million across 2 funding rounds from investors including Flyover Capital, Scale Venture Partners and Glasswing Ventures. Verusen offers products and services including MRO Inventory Optimization, Spare Parts Criticality Optimization, Material Search & Discovery, Duplicate Material Identification, and Category & Supplier Spend Analysis. Its focus areas include Enterprise Applications, Manufacturing Tech, Manufacturing Execution System and Spare Parts Management. Its legal entity is AUTIT, Inc. Its competitors include MARKT PILOT and Engora; 1 of its 2 listed competitors has raised funding.
Company details
Verusen was founded in 2019 and is headquartered in Atlanta, United States. Operations focus on the supply chain technology sector, where an AI-driven platform is utilized for material management. Inventory levels across enterprises are predicted through AI algorithms, offering improvements over conventional methods. Services are directed toward businesses seeking enhanced inventory control, with the platform integrated into enterprise systems for operational efficiency.
- Headquarters Atlanta, United States
- Founders Paul J Noble
- SectorsIndustrial Goods & Manufacturing
- Email••••••••
- Phone•••• ••••
- Website verusen.com
- Social LinkedIn X
- Legal Name Autit, Inc.
- Total Equity Funding$33M (USD)
in 2 rounds
- Latest Funding Round$25M (USD), Series B
Jan 2022
- InvestorsFlyover Capital
& 7 more
Products & Services of Verusen
Verusen offers a comprehensive portfolio of products and services, including MRO Inventory Optimization, Spare Parts Criticality Optimization, Material Search & Discovery, Duplicate Material Identification, and Category & Supplier Spend Analysis.
AI platform for reducing MRO inventory costs and risks
Tool to assess and optimize spare parts for operations
System for locating parts across facilities quickly
Feature to detect and share duplicate materials
Analytics for reducing tail spend and supplier bundling
Funding Insights of Verusen
Verusen has successfully raised a total of $33M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $25 million completed in January 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $33M
- Total Rounds 2
- Last Round Series B — $25M
- First Round $8M
(Jan 2021)
- Investors Count 8
All 2 funding rounds of Verusen with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan 2022 | $25M | Series B | – | Scale Venture Partners | |
| Jan 2021 | $8M | Series A | – | Forte Ventures, Flyover Capital |
8 investors in total: 8 institutional.
Investors in Verusen
Verusen has secured backing from 8 investors, including venture fund investors. Prominent investors backing the company include Flyover Capital, Scale Venture Partners and Glasswing Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage venture capital investments are focused on US companies. | scalevp.com | Foster City, United States | ||
Early-stage investments are made in AI and frontier technology startups by Glasswing Ventures. | glasswing.vc | Boston, United States | ||
Stage agnostic venture capital firm backed by fund of funds | 2014 | flyovercapital.com | Overland Park, United States | |
Seed and early-stage tech investments are made in the US. | zettavp.com | San Francisco, United States | ||
Investments are made in US tech companies by Forte Ventures. | forteventures.com | Atlanta, United States | ||
Venture capital investments are focused on AI-driven industry transformations. | kubera.vc | United States | ||
BMW i Ventures is focused on investing in automotive technology startups. | bmwiventures.com | Mountain View, United States | ||
Venture capital is invested in multiple sectors by Engage. | engage.vc | Atlanta, United States |
Investor details for Verusen
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
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People of Verusen
35 people are tracked at Verusen (12 in leadership, 3 in board & advisors, 20 in team).
| Name | Role | Group |
|---|---|---|
Paul J Noble | Founder & CSO | Leadership |
Scott Matthews | CEO | Leadership |
Addy Robinson | VP, Head of People | Leadership |
Jeremiah Woodford | Chief Revenue Officer | Leadership |
Jeromy Risner | Director, Pre-Sales Engineering | Leadership |
Michael Poskey | Sales Director, Oil & Gas | Leadership |
Tucker Deane-Krantz | Senior Director, Business Development and Revenue Operations | Leadership |
Jim Braun | VP, Channel Partnerships | Leadership |
Ross Sonnabend | Chief Product Officer and Head of Client Success | Leadership |
Marcus Tewksbury | CTO | Leadership |
Tom Elrod | VP, Engineering | Leadership |
Kristofer Sage | Sales Director EMEA | Leadership |
Stacey Bishop | Board Member | Board & advisors |
Rudina Seseri | Board Member | Board & advisors |
Richard Decker | Board Member | Board & advisors |
David Agnello | Solution Architect & Principal CSM | Team |
Justin Null | Sales Engineer | Team |
Nancy Perry | Customer Success Manager | Team |
Danny Ramos | Senior Product Manager | Team |
Kate Clark | People Operations Contractor | Team |
15 more people are available in the full profile.
Complete people profiles for Verusen
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
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- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Verusen
3 dated milestones of Verusen across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Verusen is founded.
- Funding First funding round of $8.0M.
- Funding Latest funding round, Series B, of $25.0M.
Competitors of Verusen
Verusen has 2 listed competitors in our database, 1 of them funded. They include MARKT PILOT and Engora.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| markt-pilot.com | 2020 | Chicago, United States | $49.76M | Automated spare parts pricing software is offered to machine manufacturers. | ||
| engora.tech | 2018 | Boston, United States | An AI-powered platform for industrial sourcing and manufacturing supply chain management. |
Detailed competitors of Verusen
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Verusen
The website of Verusen (verusen.com) receives about 4.3K visits a month.
- Monthly visits4.3K
▲ 11.6% vs previous month
Websites whose visitors overlap most with Verusen. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| paultrudgian.co.uk | 100% | 680.7K | View details | ||
sccgltd.com | sccgltd.com | 94% | #3,556,988 | – | |
| extensiv.com | 72% | 568.1K | #58,379 | View details | |
kingstransportltd.co.uk | kingstransportltd.co.uk | 28% | #13,098,397 | – | |
| valuemetrics.co.uk | 28% | 1.3K | #14,076,277 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 6 similar websites and full traffic analytics for Verusen
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 6 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in Manufacturing Tech Solutions
3 companies that operate in the same segment as Verusen (Manufacturing Tech Solutions) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based ERP software is offered for multiple industries. | 2002 | New York, New York, United States | USD 1.52 B | USD 3.17 B | 22,153 | |
Platform for on-demand distributed manufacturing and prototyping is provided. | 2013 | Gaithersburg, Maryland, United States | USD 200.44 M | USD 686.63 M | 1,090 | |
AI-based robotic arms are developed for industrial automation tasks. | 2010 | San Francisco, California, United States | USD 123.02 M |
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Related news about Verusen
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Frequently Asked Questions about Verusen
Verusen was founded in 2019 and raised its 1st funding round 2 years after it was founded.
Verusen is headquartered in Atlanta, United States. It is registered at Atlanta, Georgia, United States.
Verusen is a funded company, having raised a total of $33M across 2 funding rounds to date. The company's 1st funding round was a Series A of $8M, raised on Jan 2021.
Verusen was founded in 2019 and is headquartered in Atlanta, United States. Operations focus on the supply chain technology sector, where an AI-driven platform is utilized for material management. Inventory levels across enterprises are predicted through AI algorithms, offering improvements over conventional methods. Services are directed toward businesses seeking enhanced inventory control, with the platform integrated into enterprise systems for operational efficiency.
Verusen's top competitors include MARKT PILOT and Engora.
Verusen offers MRO Inventory Optimization, Spare Parts Criticality Optimization, Material Search & Discovery, Duplicate Material Identification, and Category & Supplier Spend Analysis.
Verusen has 8 investors. Key investors include Flyover Capital, Scale Venture Partners, Glasswing Ventures, Zetta Venture Partners, and Forte Ventures.
Verusen operates through Autit, Inc..