INSUBCONTINENT EXCLUSIVE:
Augmented reality technology did not, it turns out, light the touch paper on a booming new industry
success.Where AR has proved that it may have a future is in industry, allowing workers to look at plans whilst they assemble something, for
startup hopes to nudge that future on further with a radical new technology which, although it resembles the HoloLens, is in fact a highly
accurate helmet-mounted screen that enables construction workers to place beams or bricks in exactly the right locations, thus introducing
round, led by Amadeus Capital Partners and Hoxton Ventures, with participation from Adara Ventures and J Coffey Construction
The company will build out its AR cloud and software platform and build its team to serve the EU market and expand to the United States and
Asia.The idea behind it is highly innovative
allowing them to place objects precisely according to plans projected in front of their eyes.The company claims its HoloSite headset is the
wasted this way and, of course, in mega-projects like huge bridges, this amounts to an average of more than $100 million.Founder, CEO and
But 80% of the time the construction fails to meet acceptable tolerances
recession devastated the industry.I tried out the headset for myself and found that I could, with a reasonable degree of accuracy, from
scratch complete a basic assembly of bricks according to the plans projected in front of my eyes.XYZ says it is possible to build a bathroom
in two hours using the headset, versus a day without it, using the technology.The hope is that as this technology improves, any tradesperson
would be able to work on a construction site with less need for training in 2D plans, but still with a high degree of accuracy.The project
Daqri, which built enterprise-grade AR headsets for construction, shuttered its HQ last year
Earlier, Osterhout Design Group unloaded its AR glasses patents after acquisition talks with Magic Leap, Facebook and others stalled
Meta, an AR headset startup that raised $73 million from VCs, including Tencent, also sold its assets earlier this year after the company
ran out of cash.But Amadeus is bullish
This technology has the potential to revolutionize how the construction industry sets out and validates its work, reducing costs and the
