It’s time for another part of the exclusive series on Augmented Reality (AR) companies powered by the Metaverse Insider. Missed everything so far? Here is a link to the first article covering upcoming augmented reality companies to get you in the mood.
1. XYZ Reality
XYZ Reality is the UK startup behind HoloSite and The Atom, the world’s first Engineering-Grade Augmented Reality company. Founded in 2017 by David Mitchell, XYZ is on a mission to eliminate 2D in its entirety and bring an industry in decline back to life.
It is doing this by enabling construction workers around the world to build from holograms and it’s making a huge dent in the 77% of megaprojects that overrun globally.
Named the UK’s 3rd hottest startup and one of the Top 3 construction technology firms, this is reflected in the $37 million XYZ has raised in funding over six rounds.
2. BITES — Defense & Aerospace Technologies
Established in Istanbul in 2001 by Ugur Coskun, BİTES Defense & Aerospace Technologies is a national high-tech focused Defence Industry and Information Technologies company, currently continuing its activities in Ankara. In 2019, ASELSAN became a shareholder with 51% of the equity. With a strong and dynamic team consisting of nearly 400 people, BİTES keeps developing new technologies and solutions for various industries.
The company’s primary focus is on next-generation technologies, such as Augmented Reality and Image Processing, Artificial Intelligence, Modelling and Simulation Technologies, Avionic System Software, Safety-Critical Embedded Software and Cloud Technologies.
BİTES ranked among “Fastest Growing Technology Companies of Turkey” and was granted “The Deloitte Fast 50 Award” for 3 consecutive years. In 2020, the company became one of the top 10 companies that make the most R&D expenditure in Turkey in the Software and Information Technologies sector and ranked among the top 50 companies in all sectors.
3. Juego Studios
Juego Studios is a global technology service company based in Bangalore, India specialized in Game Development, Mobile Application Development, Enterprise Solutions, AI & Machine Learning, AR/VR Development services.
Juego Studios strives to bring innovative products and ideas into digital space with high quality by actively helping its customers in recognizing risks and opportunities that deal with both short-term challenges as well as long-term value creation.
The company was founded in 2011 by Suman Balakrishna and Rudresha M.
4. Immersive Wisdom
Offering a 3D remote virtual ops centre platform for distributed/disaggregated operations that allows geographically dispersed personnel to effectively collaborate and act without having to be physically together across Virtual Reality, Augmented Reality, Mixed Reality, Desktops, and Touch Tablets, Immersive Wisdom was founded in 2016 and is based in Boca Raton, Florida.
Amazingly, in the summer of 2020 Immersive Wisdom was awarded a $950-million contract to deliver real-time 3D Geospatial Collaboration software for the US Air Force.
5. Multi Image Group
Multi Image Group is an event production company specializing in live events, creative digital content, and exhibitions. Since 1979, MIG has been working at the innovative intersection of creativity and technology to strategically design and create vivid experiences that inspire very specific actions in its clients’ target audience.
Its specialties include augmented content, audience participation, virtual sets of all sizes, and studio broadcasts.