Transformational Augmented Reality (AR) company sets its sights on global expansion, on track for 300% growth in next 12 months. Unveils next-gen AR headset: The Atom
XYZ Reality, the transformational construction technology company behind Holosite, the world’s first Engineering-Grade Augmented Reality platform, today announces its worldwide commercial launch and the reveal of its ground-breaking device: The Atom, the most accurate AR headset for construction.
It is a landmark announcement for the disruptive technology company moving from an early access phase to global commercial availability following a successful £20 million Series A funding round in June. On track for 300 percent growth in 2022, the launch places XYZ Reality on its trajectory to significantly increase its global market share and represents a commercial milestone to becoming a market-leading ConTech company.
This strategic move responds to a sharp increase in megaproject asset owners and general contractors’ appetite for the proprietary solution, particularly from those who have already observed the power of XYZ Reality’s Engineering-Grade AR technology.
Over the last two years during its restricted commercial programme, XYZ Reality has deployed its technology to projects valued at over £1.5 billion working with selected customers on several complex projects like data centres, pharmaceutical facilities and airports. This collaboration with some of the biggest names in the construction sector, not only refined its proprietary technology, but proved XYZ Reality’s proposition as a leading, construction-dedicated technology provider.
This announcement brings XYZ Reality’s full, transformative potential to market to deliver instant, operational results for the construction community. Cementing its global entry, the launch will also see the establishment of a US headquarters bringing the cutting-edge, powerful technology directly to this valuable, forward-thinking audience of contractors and will support the delivery of mission critical projects.
XYZ Reality also unveils its next-generation Engineering-Grade AR headset- The Atom, the most accurate AR tool for construction. Combining a safety-
Commenting on this milestone, XYZ Reality Founder & CEO David Mitchell says, “Technology is transforming the way the construction industry operates, enabling contractors to deliver higher-quality more efficiently. Since inception, we have seen a greater understanding of the potential of AR to achieve better outcomes and improve margins. This commercial launch is a definitive proof point of our product’s value and the substantial appetite for it across the industry, particularly on mission critical projects where the highest levels of accuracy are required.”
He continues, “Our entry into North America was spearheaded by current partners who are bringing us to the all-important territory. The market presents an exciting growth opportunity and is now supported with ‘The Atom’, which has been designed to show just how easy it is to work with our technology on-site. As XYZ Reality continues to grow, and we introduce new audiences to our powerful proposition, we will show how Engineering-Grade AR is an essential tool to delivering the highest quality, best outcomes for construction professionals.”
Coral Butler, Group Head of Digitally enabled Lean Project Delivery (DePLD), PM Group, an early-adopter of XYZ Reality’s HoloSite, “We’ve been working with XYZ Reality since the beginning and have already been impressed with how their powerful AR technology has been able to significantly increase efficiency and improve quality across multiple mission critical projects. The Atom has taken it to the next level. What’s so important is that The Atom has been developed by construction, for construction. David and the team have an acute understanding about the challenges and pressures on-site and the frustrations presented by the validation process. This Engineering tool is essential for project management, one which delivers benefits from planner through to asset owner.”
To find out more about XYZ Reality, the commercial launch, ‘The Atom’ and to book a demonstration of the new device click here.
About XYZ Reality
XYZ Reality is the company behind HoloSite, the world’s first Engineering-Grade Augmented Reality system. The company is on a mission to eliminate 2D in its entirety, empowering construction teams to Build it Right, First Time.
Purpose built for the construction sector, HoloSite enables site teams to view and position holograms of design models to millimetre accuracy. The AR hardhat solution is making a huge dent on the 98 percent of megaprojects that overrun globally. It has brought efficiency to the building process by eliminating errors, reducing rework and delivering on time.
The product has been used across complex mission critical projects in Europe, including data centres, pharmaceutical facilities and airports.
Founded in 2017 by Founder and CEO, David Mitchell, Co-founder and COO, Umar Ahmed and Technical Co-founder, Murray Hendriksen, XYZ Reality has been named the UK’s third hottest start-up and one of the Top 3 construction technology firms.