Mar 17, 2021

Provident opts for OpenSpace to track site progress

Dominic Ellis
2 min
OpenSpace allows Provident to check items were installed correctly and see what is buried within walls
OpenSpace allows Provident to check items were installed correctly and see what is buried within walls...

Provident General Contractors is to use OpenSpace's technology on all new job sites.

The firm decided to enter into an enterprise agreement with OpenSpace based on the benefits they've experienced already, from tracking site progress to creating a "ground truth" for insurance claims. 

"OpenSpace is a great tool for construction - it allows our project team to view all areas of the jobsite remotely and see what progress is being made," said Damian Millisor, Project Manager with Provident. 

"With this information, we are able to adjust manpower on the job to make sure the project schedule is on track. It also is great for going back in time at any particular spot in the building to check to see that items were installed correctly and see what is buried within walls, to avoid potential issues when rework is required."

OpenSpace empowers builders to be more efficient by automating job site photo documentation and image analysis. Builders attach a small 360-degree camera to their hardhat, mark their starting point on the OpenSpace app, walk the site as normal, and then OpenSpace's software automatically handles imagery capture. 

After the data is uploaded, OpenSpace organizes the images, pins them to the correct location on the floorplan, and stitches them together. Customers can virtually walk through a site using the latest imagery, see how sites have changed over time, add notes and change requests, and more. Provident currently deploys OpenSpace on a multi-family project in Downtown Oklahoma. 

"There are many companies that offer simple photo documentation of construction; however, OpenSpace provides much more than that," said Blake Pearce, Vice President of Operations at Provident. "OpenSpace has already released a few additional extremely beneficial features and their pipeline of product development could change the way we manage construction forever."

Last month Shimizu Corporation signed a partnership agreement with OpenSpace to use their 360° photo documentation and analytics platform in combination with its own construction data and expertise to enhance remote management of its construction sites. 

People and AI-equipped autonomous robots collaborate in performing construction work in the Shimz Smart Site. The autonomous robot, Robo-Welder, has six arms which move like human arms. It uses these to freely manipulate the shape-recognition laser sensors and torches at the tip of each arm to weld as it confirms the shape of each groove to be welded. 

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Jun 14, 2021

XYZ Reality receives £20m to develop Assisted Reality

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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