4 years ago

XYZ Reality Secures £20 Million in Series A Funding for Construction AR Solution

  • XYZ Reality, a London-based engineering-grade augmented reality company, raised £20 million in Series A funding led by Octopus Ventures

  • The company plans to use the funds for the commercial launch of HoloSite in the USA, research and development, and expanding its London team

  • XYZ Reality provides HoloSite, an AR solution for construction projects, which includes a safety certified AR hardhat, cloud platform, and in-built proprietary software

  • The technology system has been used on complex construction projects, including data centres, pharmaceutical facilities, and airports

  • Additionally, XYZ Reality announced a new partnership with global consultancy and construction firm, Mace, for the construction of a hyper-scale data centre in Europe.

      • ProblemTechnology

      "Construction projects are often delayed and over budget due to inaccurate plans and lack of real-time visibility on site."

      Solution

      "HoloSite is an augmented reality (AR) solution that overlays accurate 3D models onto construction sites, allowing builders to see exactly what they are building and ensuring that projects are completed on time and within budget."

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