Crane-mounted sensor and jobsite intelligence startup Versatile announced on Sept. 14 that it has secured $80 million in Series B funding. This comes on the heels of a $20 million Series A funding round secured in December 2020.
Efficiencies in design, construction and building use are being unlocked thanks to analysis and proactive changes informed by construction data. Even 3D printing for a NASA project on structures on Mars is on the table.
Lifting technology and industry standards have advanced significantly since the mid- 1990s, when the Specialized Carriers & Rigging Association put out the Exxon Crane Guide.
For decades, crane engineers have created new markets with incremental changes to their tried-and-tested lifting systems. However, the ongoing quest to make heavy-lift cranes more powerful and efficient regularly comes down to one problem: counterweights.