XYZ Reality, the technology company behind HoloSite, today announced a £20m investment round led by Octopus Ventures.
London-based construction technology start-up XYZ Reality and UCL have received a government grant to develop XYZ Reality’s augmented reality solution into the construction of UK hospitals. The grant has been awarded by UKRI through an Innovate UK Knowledge Transfer Partnership (KTP).
Founded in 2017, XYZ Reality developed Engineering-Grade Augmented Reality to tackle some of the most pervasive and costly issues facing the construction industry. Its technology uniquely enables users to view hyperscale BIM models on-site in real-time and to millimeter accuracy, making it particularly beneficial for projects with complex MEP (mechanical, electrical, and plumbing) services, such as hospitals or data centers.
Significant accuracy and efficacy savings have been strongly evident in hyperscale data center adoption. Overall construction sector benefits through technology-enabled transformation are expected to be phenomenal locally, nationally, and internationally.
In 2019, the government announced the Hospital Infrastructure Plan, a five-year program of investment in health infrastructure. It includes building 40 new hospitals, which will deliver world-class facilities to meet the changing needs and rising demands facing the NHS. This program will rely on the adoption of new technologies both in design and build, as current approaches are time-consuming, ineffective, costly, and out of date.
This KTP will be delivered in partnership with UCL’s world-leading Bartlett School of Sustainable Construction and Centre for Advanced Spatial Analysis (CASA), with support from UCL Innovation & Enterprise. It will examine how Engineering-Grade AR can help to bring infamously complex construction projects in on-time and on-budget, using hospitals as case studies. Case studies will feed into XYZ Reality’s overarching aim to enable transformation in the construction sector through the demonstration of benefits, such as improving productivity and efficiency, reducing waste, and developing sustainable approaches.
Dr. Grant Mills, Faculty Lead for Health and Associate Professor, said, “Hospitals are complex construction environments because of the sheer range of MEP services involved. This often leads to clashes and errors in the build phase and the need for expensive and time-consuming re-work.”
Prof. Duncan Wilson, Professor of Connected Environments in UCL Bartlett CASA, added, “This KTP grant offers us an important opportunity to understand how AR can help different users interact digitally with the environment in novel ways, and by doing so improve productivity, and deliver time and cost savings.”
XYZ Reality’s founder and CEO David Mitchell said, “We’re thrilled to have been selected for the KTP grant and delighted at partnering with UCL on this project. Our Engineering- Grade AR technology is already being deployed on construction projects with the same levels of complexity as hospital builds, and I’m pleased to say that it is generating significant time and cost savings.”
“I’m passionate about supporting the NHS, so I’m glad that this research will enable us to fully understand the benefits that our technology can offer these specific projects, and help those constructing UK hospitals to build it right, first time,” Mitchell concluded.
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