About Verusen
Verusen offers materials management solutions for the manufacturing sector, focusing on optimizing Maintenance, Repair, and Operations (MRO) inventory. Their platform uses artificial intelligence to ensure that companies have the right materials at the right time, reducing waste and improving efficiency. Unlike competitors, Verusen operates on a software-as-a-service (SaaS) model, providing clients with ongoing access to inventory analysis tools. The company's goal is to deliver significant cost savings and efficiency improvements for large manufacturing enterprises.
Atlanta, GeorgiaHeadquarters
2015Year Founded
$38.1MTotal Funding
SERIES_BCompany Stage
Industrial & Manufacturing, Enterprise Software, AI & Machine LearningIndustries
51-200Employees
Benefits
Health Insurance
Dental Insurance
Vision Insurance
401(k) Retirement Plan
401(k) Company Match
Flexible Work Hours
Risks
New CEO Scott Matthews may lead to strategic shifts misaligned with client expectations.
The White House's AI executive order may increase compliance costs for Verusen.
Integration challenges may limit Verusen's platform effectiveness with existing client systems.
Differentiation
Verusen uses AI to optimize MRO inventory for manufacturing sectors.
The platform harmonizes disparate material data across multiple ERP systems.
Verusen offers predictive capabilities to optimize allocation and procurement needs.
Upsides
Verusen's clients report an 8X return on investment within a year.
The company recently launched AI for Spare Parts Criticality to improve stocking strategies.
Verusen received the 2023 Top Supply Chain Projects award for work with a tire manufacturer.
Funding
Total raised$38.06 M
Latest valuation$125.00 M
StageSERIES_B
SERIES B
12/31/2021$25
$125.00 MSERIES A
12/31/2020$8
$40.00 MSEED
12/31/2019$3
$15.00 MANGEL
3/31/2017N/A
$2.13 M