Unity Acquires Augmented Reality Construction Platform, VisualLive
March 09 2021 - 12:00PM
Business Wire
Augmented reality solution complements Unity
Reflect, providing powerful cost-savings and efficiency throughout
the design, build, and operations process
Unity (NYSE: U), the world’s leading platform for creating and
operating real-time 3D (RT3D) content, today announced the
acquisition of VisualLive, a technology company enabling the
architecture, engineering, and construction (AEC) industry to
reduce costs and increase efficiency by visualizing and
collaborating in augmented reality (AR). VisualLive’s technology is
complementary to Unity Reflect, the immersive collaboration and
development platform that connects people, project stages, and data
across the digital building lifecycle. This acquisition expands
Unity's strategic growth in the AEC industry and allows customers
to achieve optimal efficiency and cost-savings.
“Unity’s real-time 3D platform transforms every stage of the AEC
lifecycle. With Unity Reflect, AEC professionals can unlock
building information modeling (BIM) data through immersive
real-time experiences,” said Julien Faure, GM of Verticals, Unity.
“Adding VisualLive to our portfolio better allows us to connect the
field with the design office, bringing BIM data via augmented and
mixed reality to drive better quality assurance and project
tracking. This will fundamentally change how design reviews,
construction planning, field inspections, and facilities management
are conducted.”
The current process of job site walkthroughs for construction
and facilities management is fraught with human errors and the
promise of reality capture, the process of replicating the physical
world and putting it into virtual reality, is time-consuming and
expensive. VisualLive ensures users can instantly inspect and
validate designs to prevent costly mistakes. Today, VisualLive
works with leading companies from architecture to sustainable
energy. VisualLive employees will join Unity from VisualLive’s
headquarters in Scottsdale, Arizona.
“We’re incredibly proud of the rapid growth and market adoption
of VisualLive products by the AEC industry since our founding in
2017,” said Saeed Eslami, CEO and Founder of VisualLive.
“VisualLive has excelled in creating a software solution that works
on multiple devices to enable field workers to overlay CAD/BIM
models onto the jobsite in AR within a few minutes to review the
design, validate against the existing conditions, verify install
completion, create reports, and collaborate with the rest of the
team in real time. Together with Unity, we can expand the
platform's capabilities and scale globally.”
Unity is used by top AEC companies to streamline real-world
architecture, engineering, and construction workflows. Since
announcing a collaboration with Autodesk in 2018, Unity has grown
to support a suite of Autodesk products while also enabling
Autodesk users to access real-time 3D experiences on a range of
devices in AR and VR to bridge the gap between design and
construction. Unity Reflect connects all project stakeholders,
regardless of platform/device, model size, or geo-location to
create real-time collaborative environments, which facilitates
faster, more impactful decision-making throughout the entire
building and infrastructure lifecycle. For more information about
Unity’s work in AEC please visit www.unity.com.
The transaction closed on March 4, 2021. Financial and legal
terms of the deal will not be disclosed.
About Unity
Unity (NYSE: U) is the world’s leading platform for creating and
operating real-time 3D (RT3D) content. Creators, ranging from game
developers to artists, architects, automotive designers,
filmmakers, and others, use Unity to make their imaginations come
to life. Unity’s platform provides a comprehensive set of software
solutions to create, run and monetize interactive, real-time 2D and
3D content for mobile phones, tablets, PCs, consoles, and augmented
and virtual reality devices. The company’s 1,800+ person research
and development team keeps Unity at the forefront of development by
working alongside partners to ensure optimized support for the
latest releases and platforms. Apps developed by Unity creators
have been downloaded more than five billion times per month in
2020. For more information, please visit www.unity.com.
About VisualLive
VisualLive is first to the market and the AEC industry's leading
platform that offers easy-to-use and off-the-shelf augmented
reality software on Microsoft HoloLens, Android, and iOS for
design, engineering, and construction companies. Using VisualLive's
Autodesk Revit or Naviswork plugins or web uploader interface (with
70+ 3D file formats support), users can push large BIM/CAD model
files to mobile, tablet, or HoloLens headset as simple as one-click
for augmented reality overlay on the job site with no coding.
VisualLive allows real-time 3D visualization, collaboration, and
field to office communication. VisualLive applications are
currently being used in all stages of construction projects such as
design review, coordination, constructability planning, fabrication
QA/QC, install verification, field inspection, and facility
management.
Forward-Looking Statements
This press release contains forward-looking statements that
involve risks and uncertainties, including statements regarding
Unity’s ability to grow in the architecture, engineering and
construction industry, the impact of the transaction on Unity’s and
VisualLive’s products and services capabilities, customers and
partners and the ability of Unity to increase VisualLive’s platform
capabilities and scale. The words “will,” “allows,” “can,”
“enable,” “expand” and similar expressions are intended to identify
forward-looking statements. These forward-looking statements are
subject to risks, uncertainties, and assumptions, such as Unity’s
ability to successfully integrate VisualLive’s business; costs
related to the acquisition; whether potential benefits of the
transaction extend to Unity and VisualLive customers; Unity’s and
VisualLive’s success developing new products or modifying existing
products and the degree to which these gain market acceptance; and
any unanticipated impact of accounting for the acquisition. If the
risks materialize or assumptions prove incorrect, actual results
could differ materially from the results implied by these
forward-looking statements. Further information on these and
additional risks that could affect Unity’s results are included in
Unity’s filings with the Securities and Exchange Commission
(“SEC”), including Unity’s Form 10-K filed with the SEC on March 5,
2021, and future reports that Unity may file with the SEC from time
to time, which could cause actual results to vary from
expectations. Unity assumes no obligation to, and does not
currently intend to, update any such forward-looking statements
after the date of this release.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210309005858/en/
Marisa Graves Unity Communications marisa@unity3d.com +1 (215)
801-2485 Alivia Rasmussen Unity Communications
alivia@unity3d.com +1 (650) 218-1185
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