Press Releases

SAN FRANCISCO, June 1, 2023 — OpenSpace, the global leader in 360° reality capture and AI-powered analytics, announced today a new strategic relationship to promote greater transparency and coordination in the construction industry with Revizto, the industry-leading Integrated Collaboration Platform that streamlines and centralizes project workflows and communication. Both companies are dedicated to unlocking the potential of BIM on construction sites and improving the exchange of information between VDC (Virtual Design and Construction) and field teams. While BIM has gained widespread adoption among design and engineering professionals, its utilization in the field has been limited. According to the report "Accelerating Digital Transformation Through BIM" by Dodge Construction Network (2021), contractors using BIM have witnessed significant improvements in quality, health and safety, cost control, schedule control, and overall business results. However, only 44% of general contractors, 35% of specialty trade contractors, and 33% of owners have integrated BIM into their practices, indicating a gap between office and field teams. On the other hand, reality capture technology is becoming widely embraced on construction sites. To bridge this gap, OpenSpace has made substantial investments in its reality capture platform and BIM capabilities. The technology aims to simplify BIM visualization and make it actionable in the field, strengthening coordination between office and field teams. The company has already observed a 27% increase in users that utilize BIM, indicating a strong interest in combining BIM and reality capture in the field. Revizto is collaborating with OpenSpace to deliver integrated workflows to their mutual customers. "Through our collaboration with Revizto, we can prioritize the interests of both VDC and field teams," said OpenSpace CEO Jeevan Kalanithi. "By streamlining workflows, we can enhance coordination, save valuable time on a daily basis, accelerate project completion, and enable VDC managers and field teams to be more efficient so they can focus on what they do best." “We are excited to work alongside partners that share the vision to empower the teams on-site. With Revizto, our customers can use solutions like OpenSpace to help field teams effortlessly capture current site conditions, compare it to BIM models, and explore their sites,” said Arman Gukasyan, Founder and CEO of Revizto. “When combined with our platform, the power to break down data silos and facilitate seamless collaboration among project teams anytime, anywhere, will be easier than ever.” Further details on the Revizto and OpenSpace collaboration will be unveiled at Waypoint, OpenSpace's virtual customer summit, on June 8, 2023. The event will feature sessions with customers, industry leaders, and innovators sharing insights, best practices, and exciting product announcements under the theme of "Simple & Fast Coordination: Connecting Field & VDC through Reality Capture." For more information and registration, please visit the event page. About Revizto Revizto is the leading Integrated Collaboration Platform used by professionals from across the Architecture, Engineering, Construction, and Operation/Owners (AECO) industry to streamline workflows and communication with all stakeholders in a unified environment throughout the project lifecycle. The Revizto platform is intuitive, adaptable, and fully functional from any device. About OpenSpace OpenSpace, the global leader in reality capture and AI-powered analytics, empowers construction and real estate companies of every size to create an interactive 360° digital view of their built environment. Customers have used OpenSpace to operate more efficiently and reduce risk, capturing more than 17 billion square feet of imagery from construction projects across thousands of sites in more than 93 countries. To learn more, visit www.openspace.ai and follow us on LinkedIn. Contact: media@openspace.ai

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View our press releases to keep up with our latest announcements.

Revizto and OpenSpace Collaborate to Unlock the Value of BIM for Construction Teams

Comfort Systems USA Signs Enterprise Agreement with OpenSpace to Widen Access to Reality Capture

OpenSpace Launches Local Server in the Kingdom of Saudi Arabia

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JLL Technologies and OpenSpace Selected by U.S. Public Buildings Service to Provide 360° Image Capture Technology for Government Properties Nationwide

OpenSpace Expands Strategic Capital with an Additional US$9M in Funding, Bringing Series D Total to US$111M

OpenSpace Partners with Shepherd to Offer Reduced Insurance Premiums for Qualified Construction Customers

OpenSpace Extends Leadership in Reality Capture for Construction with $102M Series D Financing