21. XYZ Reality

Company: XYZ Reality

Website: https://www.xyzreality.com/

Founder(s): David Mitchell, Umar Ahmed & Murray Hendrikson

 

About XYZ Reality

London-based construction technology startup XYZ Reality is pioneering an engineering-grade AR helmet that projects detailed holograms of 3D building schematics. XYZ Reality and UCL are embarking on a new project to look at how AR can help with UK hospital construction.

The project will explore how advanced AR technology can be used to ensure complex hospital building projects are completed on time and to budget. The grant for this project has been awarded by UKRI through an Innovate UK Knowledge Transfer Partnership (KTP).

In 2019, the government announced its plans to build 40 new hospitals in the next five years, to meet the changing demands facing the NHS. It’s an ambitious goal, and one that will require new technologies to help with the design and build of so many complex buildings.

XYZ Reality has come up with a new advanced AR system that could prove instrumental in reducing costly delays in hospital projects. Its technology uniquely enables users to view hyperscale models on-site, in real-time and to millimetre accuracy. The solution has particular benefits for projects with complex MEP services, such as hospitals or data centres.

The project is being delivered as a knowledge transfer partnership (KTP) with UCL’s world-leading Bartlett School of Sustainable Construction and Centre for Advanced Spatial Analysis (CASA). The partnership between UCL and XYZ Reality was set up with support and input from UCL Innovation & Enterprise.

The KTP scheme links up businesses with academic know-how and funding to tackle complex problems. UCL is the top university in London for KTPs, working with small and large organisations in a range of sectors across the UK, including construction, software development and healthcare.

XYZ Reality has raised £20m in Series A funding as part of its efforts to radically transform the construction sector through the use of AR.