Furthering their objectives to help grow startups in areas of digital disruption, Husqvarna Group’s venture capital arm has invested €1 million in Gamma Technologies.
“Gamma is innovating in an area of high interest to us as we believe Augmented Reality (AR) is an important technology when delivering new technology-based services to our customers going forward. We look forward to a close collaboration with the Gamma team and to capture learnings to accelerate the evolution of our Construction business”, said Mark Johnson, Vice President Corporate Venture Capital, Husqvarna Group.
Gamma has emerged as a premier innovator in the construction industry through its 3D Building Information Modeling (BIM) models that incorporate interactive features deployed at construction sites.
The startup’s AR tech allows the contractors to use their mobile handsets to navigate through unforeseen structures using an overlay of BIM models. The AR software guides the operators during tasks, such as cutting, drilling, and more. Therefore, it significantly reduces the time required for planning and execution while minimizing the on-site risks.
“The investment from Husqvarna Group will accelerate the revolution of the construction industry and spread awareness about the benefits of using AR technologies on the job site. Husqvarna Group, with our current shareholders Formitas, are strategic investors and partners which will help us define the future of construction. We are excited to start working with Husqvarna Group on the implementation of innovative technology in the construction industry.”, said Caner Dolas, CEO & Co-founder, Gamma Technologies.
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