May 16, 2020

Auditing app for the construction industry

Technology
construction
auditing app
Lucy Dixon
2 min
Auditing app for the construction industry
SafetyCulture, a mobile-first technology company, today announced the full availability of its popular iAuditor mobile platform for the construction ind...

SafetyCulture, a mobile-first technology company, today announced the full availability of its popular iAuditor mobile platform for the construction industry. iAuditor – the world’s most widely used auditing app – mobilises construction teams to participate in real-time data collection and reporting and allows them to directly manage job site safety and quality.

Since its introduction to the US market, there has been rapid adoption from managers and subcontractors across the construction sector, including enterprise adoption by one of the oldest, largest mechanical contractors in the US

SafetyCulture's CEO, Luke Anear, said: “Safety is paramount throughout the construction industry, and new technologies are helping to rapidly advance day-to-day operations and site safety, and ensure that quality inspections are a top priority for all workers. Our goal is simple—to give construction teams the tools they need to make sure their colleagues return home safely to their families at the end of the day.”

According to the US Bureau of Labor Statistics, one in five work-related deaths occurs in the construction industry. With iAuditor, workers can recognise, report and immediately correct hazards to improve job site safety.  Further, allowing construction companies and contractors to digitize their traditional, paper-based processes with the iAuditor platform significantly reduces the time, effort, cost and complexity of the thousands of safety and quality inspections required each week on a job site. Customers who have already adopted iAuditor report increased efficiencies when completing safety inspections; reducing time from three to four hours down to just a few minutes.

Key construction-specific capabilities include:

●     Real-time Hazard Recognition: All workers – from onsite to back office – can conduct advanced inspection and safety initiatives and share information across teams in real-time

●     Image Annotation: Quickly capture photos and highlight, draw or circle specific areas or points-of-interest making communication between team members and subcontractors easier

●     Minimal Reporting: After checklists are complete, workers can immediately export a completed PDF, XLS or other versions of their findings to supervisors and teams from their mobile device out in the field. The app can also be integrated with other popular systems, including Salesforce and SharePoint

●     GPS Integration: Instantly add a location to a checklist or photo – ideal for large job sites 

●     Crowd-Sourced Construction Expertise: Tap into a user-generated library of more than 57,000 checklists and benefit from global best practices

The iAuditor mobile platform is available on the App Store and in Google Play. Both operating systems allow for integration into SafetyCulture’s desktop platform.

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Jun 14, 2021

XYZ Reality receives £20m to develop Assisted Reality

AugmentedReality
construction
DigitalTransformation
Technology
Dominic Ellis
3 min
XYZ Reality to use funding led by Octopus Ventures to springboard into USA and automatically report issues through Assisted Reality

XYZ Reality has announced a £20m investment round led by Octopus Ventures.

Founded in 2017, XYZ Reality aims to "revolutionise" the construction sector with its Engineering-Grade Augmented Reality (AR) solution, Holosite.

Designed to enable an on time and on budget delivery of construction projects, by eliminating building errors, HoloSite has been available to select customers through an early access programme and has already been used on projects totalling a value of over £1.5bn in the last year. 

With approximately 98% of construction megaprojects facing cost overruns or delays and 7-11% of project costs being spent on correcting errors, XYZ Reality’s purpose-built integrated AR solution directly addresses these issues.

With its safety certified AR hardhat, cloud platform and in-built proprietary software, Holosite accurately positions high fidelity 3D design models on construction sites, enabling teams to build it right, first time. The technology system has been used on complex construction projects including data centres, pharmaceutical facilities and airports.     

This funding will be used to accelerate the company’s ambition of transforming projects by preparing for HoloSite’s commercial launch in the USA and continuing investment in strengthening research and development. The company is also growing its London team to include key hires across technology, manufacturing, sales and marketing.

David Mitchell, Founder and CEO of XYZ Reality, said developing its engineering-Grade AR solution helping construction teams identify errors in real-time is just the start.

"The next phase is Assisted Reality, where our spatial computing technology will have the intelligence to automatically detect and report issues in the field. And ultimately, the goal is builders building from holograms. Our vision of developing world changing products aligns with Octopus Ventures’ mission of investing in companies that are powering the next industrial revolution. We look forward to building history.”

The latest round of funding is led by Octopus Ventures, one of the largest and most active venture investors in Europe, known for its commitment of investing in companies and founders that are changing the world. Octopus Ventures has a strong track record, spanning investment in health, fintech, consumer, B2B software, and deep tech. This includes WaveOptics, one of Octopus Ventures’ early investments in Augmented Reality, which was recently acquired by Snap Inc. 

Rebecca Hunt, early-stage investor at Octopus Ventures, said: "We’ve always invested in entrepreneurs leading industry change and XYZ is doing just that. It's solving a massive problem that costs the construction industry billions every year, using its Engineering-Grade Augmented Reality solution to spearhead a shift in the sector’s approach. The founding team of David, Umar and Murray have deep domain and technical expertise, which we believe makes XYZ uniquely placed to drive this transformation.”

XYZ Reality also announces a new partnership with Mace, for the construction of a hyper-scale data centre in Europe. With speed to market being particularly essential for mission critical builds, HoloSite’s AR technology will have a significant role in supporting an accurate and time effective build for Mace, which last week appointed Jon McElroy its new Managing Director for International Technology.  

Mace Technical Director, Stephen Henley, said: “Mace has built a reputation of redefining the boundaries of ambition, always bringing efficiency, innovation and responsibility to our projects. With the implementation of XYZ’s groundbreaking AR system, we continue to be committed to delivering projects faster, safer and better than ever before.” 

Five years ago, Heather Bellini of Goldman Sachs Research expected virtual and augmented reality to become an $80 billion market by 2025.

But according to new research by global tech market advisory firm ABI Research, nearly 28 million augmented and mixed reality smart glasses will ship in 2026, while the total global AR/MR market will surpass $175 billion in the same year.

"Major tech players across hardware, software, and services look familiar in the consumer space, contributing to strong and consistent overall growth," says Eric Abbruzzese, Research Director for ABI Research. "Those big tech names, with active investment and product ranging from already available, to announced, to all-but-announced, are creating a consumer AR market that will be dynamic and welcoming rather than struggling and immature."

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