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XYZ Reality
Transforming the construction sector through augmented reality
- 101-200 employees
- B2B
- Augmented Reality
- Construction
- SaaS
- Angel, London, UK
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Company mission
To eliminate 2D in its entirety and to enable construction workers around the world to build from holograms.
Our take
One of the main problems in the construction industry is that the end result of a construction project may not correspond to the initial plan. This means the build errors result in a significant time delay associated with construction rework. XYZ Reality aims to change this by providing construction businesses with an AR system that ultimately reduces construction costs by 20%.
It differentiates itself through the innovation of its AR system which projects 3D models on construction sites, allowing workers to visualize the final result. Moreover, XYZ Reality is planning on becoming an all-in-one system, providing clients with everything they need to successfully create a building - from AR hardhat to the in-built proprietary operating system.
XYZ Reality has invested its funding into R&D, global expansion efforts, and in recruiting new talent in the technology, manufacturing, sales and marketing industries. Following its launch in the US, the company has seen accelerated growth and is well set to further innovate the construction industry.
Freddie
Company Specialist at Welcome to the Jungle
Benefits
- Eligibility to participate in our company equity scheme
- Company pension
- Flexible working hours
- Modern friendly environment
- Easily accessible location
- Casual dress code
- Playing a valuable part in revolutionising the industry
- Competitive Salary
- Start-up culture
- 25 days paid holidays plus bank holidays
- Private healthcare
Funding (last 2 of 5 rounds)
Jun 2021
$25.9m
SERIES A
Mar 2020
$6m
SERIES A
Total funding: $33.5m
This company has top investors
Leadership
David Mitchell
(CEO)Previously Architectural Assistant at Mellet Architects for 10 months and BIM Manager at J. Coffey Construction for 2 years.
Murray Hendriksen
(Technical Co-Founder)Previously worked for 5 years at CooperVision, first as Graduate Automation Engineer for 2 years and then as Automation Engineer - Automated Inspection Systems for 3 years.
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