“But that does not work with some things and there you need a percent complete - like when project elements are hidden from photogrammetry by walls. “When we started, we made it a binary choice as to how a given project element was defined - built or not built,” Holzer said, adding that this would support EVM. The software was able to deliver this regardless of whether the owner paid based on percent complete or the discrete completion milestones typical with an earned value management (EVM) project. Holzer's remarks suggested that the company was well on its way to developing a machine-vision capability that could support application for payment in construction by documenting what work had been completed on site. Holzer, in an IronPros Product Deep Dive, discussed the product direction, and the addition of photogrammetry capture services to Avvir's offering. The construction industry should expect to see more of this type of merger and acquisition activity as the market shakes out in sectors with heavy entrepreneurial activity, as venture-funded startups align with larger entities with broader distribution and a broader product offering. New York City-based construction reality capture and analysis platform vendor Avvir has been acquired by Hexagon AB.Īvvir CEO Raphi Holzer founded Avvir with Chief Technology Officer Tira Odhner in 2017 and then nailed down $10 million in venture funding in March of 2021, adding to an additional $2.6 million from seed rounds, pre-seed rounds and grants.

Hexagon infor acquisition