XR

Xyz Reality

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Company Research Report: XYZ Reality Ltd.



Company Overview



Name, Mission, and Key Facts



  • Company Name: XYZ Reality Ltd.

  • Mission: To revolutionize the construction industry by eliminating rework and enabling real-time validation through the use of Engineering Grade Augmented Reality™.

  • Founded: 2017

  • Founder: David Mitchell, who previously worked as a digital construction manager on major projects like The Shard and Battersea Power Station.

  • Headquarters:

  • UK Office: 338-346 Goswell Road, Angel, Clerkenwell, EC1V 7LQ, London, UK

  • US Office: 1910 Pacific Ave, Suite 2000 PMB 2245, Dallas, TX 75201, USA

  • Total Employees: 51-200

  • Revenue: No information available.

  • What is the company known for: XYZ Reality is known for developing the world's most accurate Engineering Grade AR™ headset, the Atom, which allows construction teams to build from holograms of 3D models with millimeter precision, effectively eliminating rework and ensuring projects are delivered on time and within budget.


Key People


  • David Mitchell: Founder & CEO

  • Harry Battu: Chief Revenue Officer

  • John Haddick: Chief Technology Officer

  • Benn Latham: Chief Finance Officer

  • Christian Belady: Strategic Advisor

  • Brian Mattson: Strategic Advisor


Products



The Atom™


  • Description: A cutting-edge AR headset combining construction-grade safety gear with precise augmented reality displays and in-built computing power.

  • Key Features:

  • Millimeter Accuracy: Positions 3D design models on-site with 3-5mm accuracy.

  • Engineering Grade Augmented Reality: Pre-installation, during installation, and post-installation validation.

  • Real-time Data Sync: Seamlessly updates real-time project data directly to the cloud.

  • Remote Access and Collaboration: Enables real-time model viewing and issue logging from anywhere in the world.


XYZ Platform


  • Description: An integrated construction project controls platform offering comprehensive solutions for project management.

  • Key Features:

  • Real-time Progress Tracking: Evaluates construction progress linked to the project schedule.

  • Quality Management: Ensures projects meet high-quality standards by identifying and resolving errors early.

  • Data Analytics: Provides actionable insights to optimize project workflows and resource management.


Recent Developments



Projects and Deployments


  • Significant Projects:

  • Deployment on a 9.6MW Data Center in Ireland, identifying a six-week delay and implementing mitigation to complete on schedule.

  • Multiple large-scale data center projects across Europe, reducing rework and avoiding critical delays.

  • Global Expansion:

  • Increased presence in the USA, aiming to expand further into North America and Asia with an emphasis on high-value markets like data centers and pharmaceutical facilities.


Partnerships


  • Mace Group Partnership: Involved in deploying AR technology to improve productivity and collaboration on construction sites.

  • Collaboration with Georg Fischer and Dornan Engineering: Utilizing AR for offsite factory witness testing on hyperscale data center projects.


Awards and Recognitions


  • Red Dot Awards 2023: Recognized for outstanding product design and innovation.

  • DCD Global 2022: Won the 'Mission Critical Tech Innovation' award.

  • Sifted B2B SaaS Rising 100: Ranked #54 on the list of most promising European startups under $1bn in 2024.

  • Future Fifty Cohort 2024: Selected as part of Tech Nation’s prestigious program for pre-IPO startups.


Detailed Case Studies



Real-Time Project Controls on $120M Data Center Project


  • Details: Real-time insights revealed a critical six-week delay was mitigated, ensuring on-time project delivery, maintaining operational revenue flows and key milestones.

  • Outcome: Manual checks and subjective decisions were replaced with verified, real-time data, improving project team collaboration and effective issue resolution.


Setting Out with Atom™


  • Details: The Atom™ was used to mark the exact placement of large buffer tanks, achieving millimeter accuracy and satisfying project management requirements.

  • Outcome: Ensured correct installation from the first attempt, eliminating potential rework and reducing project delays.


Early Detection of Design Deviations


  • Details: Used AR to identify misaligned partition wall openings in a data center cooling array project.

  • Savings: $4,480 in rework cost savings and 14 days saved.

  • Outcome: Enabled early error detection, resulting in timely and efficient issue resolution.


Recent Developments - October 2023 Onwards


  • Expansion of Project Controls: Enhanced features such as dynamic visualization, improved coordination tools, and more robust reporting capabilities are continuously being integrated into the XYZ Platform.


Conclusion


XYZ Reality Ltd. stands at the forefront of construction innovation, merging augmented reality with practical, on-the-ground applications to significantly enhance quality control, reduce waste, and deliver projects on schedule. The company's consistent push for accuracy and efficiency positions it well in the highly competitive landscape of construction technology.



Note: No further information is available for certain fields such as exact revenue figures, contributors’ personal revenue contributions, or a detailed list of all products and services provided by the company.