Novade launches digital solutions to cut on-site COVID risks
Novade, a leading smart field management software developer for the building and construction industry, is launching COVID-Safe Site - a set of digital solutions to mitigate on-site COVID-19 risks.
This launch rides on the successful control of coronavirus infections in Singapore, with Novade’s technology helping to efficiently manage operations on-site, keep employees safe while maintaining productivity and reassuring stakeholders.
The new Novade site encompasses a comprehensive set of digital tools to efficiently manage health and safety across the worksite and allows clients to rapidly and safely manage site operations, conduct health checks and enforce social distancing.
The Novade platform can be integrated with AI cameras and Bluetooth-enabled wearables to track contact on site and corresponding risk exposure. The platform also enables digital contactless site processes such as induction, toolbox talks, inspections, work allocation, progress tracking which minimizes the flow of paper on site and provide remote visibility for businesses.
David Morin, Eiffage International Director and a user of Novade, said: “The Novade platform has enabled us to have real time visibility on our production metrics, equipment utilisation, materials consumption and workforce deployments. With constantly evolving restrictions, we have remote visibility and comprehensive data on site productivity. This is critical for our international business.”
Novade has recently been deployed by Costain Group on the £150m upgrade project of Gatwick Airport station for Network Rail. The project team has worked safely and efficiently through the pandemic to bring much needed improvements to the station and improve the passenger experience.
As Novade establishes its presence in the UK, Tejas Thomas, UK country manager, said: “COVID-19 forces companies to be agile and diligent in order to maintain productivity, while staying compliant with the evolving HSE requirements.
"The Novade COVID -Safe site enhancements will help companies seamlessly adapt to ensure sites remain safe and productive, offering a streamlined, digital process which can make the day-to-day management of their businesses easier and more effective."
XYZ Reality receives £20m to develop Assisted Reality
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."