FARO Acquires HoloBuilder Inc to Speed Up Digital Twin Solution

Florida, US – FARO® Technologies, Inc, a global leader in 3D measurement, imaging, and realization solutions for the 3D Metrology, AEC (Architecture, Engineering, and Construction), and Public Safety Analytics markets, has announced the acquisition of HoloBuilder, Inc. HoloBuilder brings to FARO its market-leading photogrammetry-based 3D platform, which provides hardware-agnostic image capture, registration, and viewing to the rapidly growing Digital Twin market. HoloBuilder’s technology platform, with an initial focus on construction management, provides general contractors with a solution to efficiently capture and virtually manage construction progress using off-the-shelf 360° cameras.

The HoloBuilder SaaS platform will augment FARO’s highly accurate 3D point cloud-based laser scanning with fast and easy reality-capture photo documentation and remote access capability to create the industry’s first end-to-end Digital Twin solution—all without leaving the FARO ecosystem. The combined solution will offer comprehensive scanning and image management capabilities for the Digital Twin market, such as robotic assembly 3D simulation, construction management, facilities operations and management, and incident pre-planning.

“The high-value that digitalization brings to the AEC and Operations & Maintenance (O&M) industries creates significant market opportunity for FARO,” stated Michael Burger, President & CEO, FARO. “The addition of HoloBuilder to our offering accelerates the reality of a true end-to-end Digital Twin solution and advances our strategic objective of increased recurring revenue through market share gains in this large and growing segment.”

“HoloBuilder and FARO together furthers our vision of digitizing the physical world to enable process automation and workflow optimization,” added Mostafa Akbari-Hochberg, President & Founder, HoloBuilder. “The powerful combination of high accuracy laser scanning with real-time 360° photo capture and collaboration will empower both Company’s customer bases with a comprehensive Digital Twin solution.”

Image Source: FARO Technologies, Inc

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