HoloSite integrates augmented reality into a safety-compliant, hard hat and visor. The technology enables users to view full, BIM models on site, in real time and within construction tolerances
➨ Octopus Ventures led the series A funding round
➨ XYZ Reality plans to double its headcount over the next 18 months and expand into the US
➨ Commercial release of HoloSite is planned for later this year
UK startup XYZ Reality, developer of the HoloSite augmented reality system for the architecture, engineering and construction sector, has raised £20 million in series A funding.
Octopus Ventures led the round, according to Sifted, which first reported the news. XYZ Reality plans to use the funding to double its headcount over the next 18 months and expand into the US.
XYZ Reality, which launched in 2017, secured €5.7 million in funding in 2020 to expand into new markets as it moves toward a general release of the augmented reality system later this year.
HoloSite integrates augmented reality into a safety-compliant, hard hat and visor. The technology enables users to view full, BIM (building information modelling) models on site, in real time and within construction tolerances.
XYZ Reality and UCL (University College London) recently received a grant from the government funding body, UK Research and Innovation, to test HoloSite in a hospital building project.
The grant will see XYZ Reality work in partnership with UCL’s Bartlett School of Sustainable Construction and Centre for Advanced Spatial Analysis, with support from UCL Innovation & Enterprise.
They will examine how XYZ Reality’s HoloSite system can help to complete large, complex construction projects on-time and on-budget, using hospitals as case studies.
The system is also being used to design and construct one of Europe’s largest, hyperscale data centres in Denmark. PM Group, the international engineering firm overseeing that project, said earlier this year that it plans to deploy additional HoloSite units as the build advances into more complex mechanical and electrical construction phases.
Images: XYZ Reality