FUTURE SIGHT

Connecting Design & Reality

Future Sight AR on VRScout!

VRScout, the world leading immersive media company based in Los Angeles, gave Future Sight AR and the other seven start-ups in their inaugural cohort a mention last Thursday.

You can read the full article on VRScout here and watch the recap video below.

For more information on the WXR Fund, visit www.womenxr.com.

Future Sight Accepted into Inaugural Women in XR Cohort

Women in XR announced their inaugural founder cohort. Founders included Lori-Lee Emshey representing Future Sight AR,  Vivian Tan of Beast, Inc., Cheryl Bayer from Living Popups, Sophia Dominguez from SVR, Sarah Hill from StoryUP XR, Spandana Govindgari of ARAD, Morgan Mercer from Vantage Point and Julia Winter from Alchemie

Founded by Martina Welkhoff, Abby Albright, and Malia Probst Women in XR fund "exists to elevate female founders and advance equality in the immersive tech industry and beyond." 

On Jan. 6th, 2018 WXR held a Pitch Showcase to highlight the first Cohort. The showcase was held in Altspace, a VR venue and live streamed on YouTube so that anyone could tune in.

Watch the pitch below:

At the Showcase Future Sight AR, along with seven other start-ups, pitched to a panel of venture capitalists, angel investors, industry leaders, and experts including:

  • Marco DeMiroz of the Venture Reality Fund

  • Jesse Draper of Halogen Ventures

  • Maddie Callander of Boost VC

  • Dessy Levinson of 645 Ventures

  • Timoni West of Unity

  • Peter Rojas of Betaworks Ventures

Following the Showcase WXR paired each start-up with an industry leader for a three month mentorship program. 

This article was originally published on futuresight-ar.com. For questions or comments please email info@futuresight-ar.com.

Future Sight AR Selected for SXSW Accelerator Pitch Event

Future Sight AR to showcase the VersaView app in the Augmented and Virtual Reality Technologies category.


Houston, Texas — January 22nd, 2018 — Future Sight AR, an oil & gas augmented reality start-up was selected as a finalist in the Augmented and Virtual Reality Technologies category for the 10th annual SXSW Accelerator Pitch Event®.


The SXSW Accelerator is the marquee event of South by Southwest® (SXSW®) Conference & Festivals (March 9-18, 2018) Startup & Tech Sectors Track, where leading startups from around the world showcase some of the most impressive technology innovations to a panel of hand-picked judges and a live audience. Out of the more than 600 companies that applied to present at SXSW Accelerator, Future Sight AR was selected among the 50 finalists spanning 10 separate categories.

The two-day event will be held the first weekend of SXSW Conference & Festivals, Saturday, March 10 and Sunday, March 11, on the third floor of the Downtown Hilton Austin, Salon A/B. The Pitch Event will then culminate with the SXSW Accelerator Awards Ceremony on Sunday evening, March 11, where winning startups from each category and a Best in Show winner will be announced and honored.

The Accelerator will feature finalists across the following 10 categories: Augmented & Virtual Reality, Enterprise & Smart Data, Entertainment & Content, Health & Wearables, Hyper-Connected Communities, Payment & FinTech, Security & Privacy, Social & Culture, Sports & Performance Data, and Transportation. Future Sight AR will present among four other companies in the Augmented and Virtual Reality Technologies category on March 10.

"Future Sight is honored to be part of 10th SXSW accelerator pitch." said Lori-Lee Emshey, the co-founder of Future Sight AR. "Construction projects rely on antiquated technology and we believe that VersaView could be the innovation injection that the industry desperately needs." She added: "We are incredibly excited to share what we have been working on with the tech community on March 10."

The Houston-based startup, which was recently accepted into Women in XR’s 2018 cohort, developed their flagship application VersaView to help transfer knowledge from an aging leadership generation to the newest up and comers. VersaView is a mixed reality platform and content library that provides field teams on EPC projects with expert work instructions and remote support from construction through to operations. This first product offering aims to increase efficiency and safety, decrease costs and delays and move the industry closer to automation.  


"For the past decade, we've had the honor of offering a platform to some of the most cutting-edge global technologies and innovations – allowing CEOs and developers to present their solutions to investors, potential partners and key targets," said SXSW Accelerator Event Producer Chris Valentine. "Of those who've presented on stage, over 70% have gone on to receive funding in excess of nearly $4.63 billion. In addition, 16% of these companies went on to be acquired. We look forward to once again being a launching pad for startups to achieve some of their greatest successes. All of us with SXSW Accelerator are proud and impressed by the companies who are truly changing industries and changing the world."

About Future Sight AR
Future Sight AR builds immersive platforms and content to transfer expert knowledge, uphold standards and set best practices. Founded in 2016 Future Sight helps leaders in the oil & gas EPC world to save rework, money & time while improving quality and safety to deliver world class projects.


About SXSW
SXSW dedicates itself to helping creative people achieve their goals. Founded in 1987 in Austin, Texas, SXSW is best known for its conference and festivals that celebrate the convergence of the interactive, film, and music industries. The event, an essential destination for global professionals, features sessions, showcases, screenings, exhibitions, and a variety of networking opportunities. SXSW proves that the most unexpected discoveries happen when diverse topics and people come together. SXSW 2018 will take place March 9-18, 2018.

Media Contact:
Sofia Lazaro
Future Sight AR
info@futuresight-ar.com

7 Technology Trends for EPC Companies

Engineering, Procurement & Construction (EPC) companies, also known as design-build companies are typically slow to adopt new technology for the fear (or hope) that it is a passing fad. But with the slump in oil prices, many companies are taking this time to see how the can improve and get ahead of the competition. We've outlined seven technology trends we've seen in the EPC world and how they impact the industry. 

1. Mobile Apps

The EPC industry was relatively slow to adapt to mobile technology - remote jobsites with limited connectivity hinder adoption, but that is quickly changing. Many mobile apps, such as those created by InEight and Rhumbix, strive to increase productivity during the construction phase by allowing people doing the work to better communicate with people in the office, and visa versa. "Data" and "Productivity" are the big buzzwords here, with plenty of opportunity to use information gathered at site to increase performance and stay on schedule.  

2. Drones

More than just expensive toys or military weaponry, drone technology is making a strong (and far less controversial) debut on EPC projects. Primarily used for site surveys, progress photos and media material drones can be seen hovering silently above many projects today. More cutting edge applications to look out for in the future are things like inspection drones for checking progress in tough to reach places and infrared drones that can survey for leaks during tightness testing and start-up. 

3. Augmented Reality

It should come as no surprise that augmented reality made this list. As the lesser-known sibling of virtual reality, augmented reality has taken center stage recently with the release of Pokemon Go and with the proliferation of SnapChat's addictive filters. Augmented reality has a key advantage over virtual reality that makes it so appealing to the EPC industry: you are always aware of your surroundings. Even with a pair of augmented reality glasses on, you can still see everything in your field of vision and safely walk around. This would allow engineers on-site to view the 3D model a project is constructed, make design changes as necessary, get remote support from vendors while in the field. The list goes on - you can read about detailed use cases here

4. Wearables 

During the construction phase, your project is only as good as your workforce, which is why the research spotlight has been turned to using wearables to track things like individual heart rate, temperature, air quality and movement. Real time feedback would allow superintendents to monitor if a crew is getting overheated, over exerted, or if the air is not optimal for strenuous work and address those needs before they become an incident or first aid. Sounds a little bit 'Big Brother'-ish? Well, it is and that may curtail growth with this trend. 

5. 3D Printing

                                                                                               /By Jonathan Juursema (Own work) 

                                                                                               /By Jonathan Juursema (Own work) 

When most people think of 3D printing they think of something like MakerBot creating novel cellphone cases or maybe Xkelet 3D printing casts for broken limbs. For EPC you need to think much, much bigger. Several start-ups are pioneering 3D printing pipe spools and several have already demonstrated that you can 3D print concrete structures. Shell is already well ahead of the curve and is experimenting with printing replacement valves. Details such as cost-effectiveness and meeting API standards are not quite ironed out, but it's early days and definitely a space to watch (and invest in if you or someone you love is an EPC company). 

6. Automation

The number of database and system administrators still employed by EPC companies routinely baffles tech savvy millennials. As companies and projects evolve to meet the higher demands of lower project budgets and high project costs we can expect to see leaner and more efficient database software  that don't require a small army of administrators to run. There is serious room for improvement with electronic document management systems (EDMS), completions systems and procurement software. EDMS systems such as iDocs that put the document owner (such as the engineer) in charge of revisions, transmittal and reviews rather than handing it off to a document controller are gaining popularity. Completions database software such as WinPCS and Zenator have been around for decades - they are already helping projects cut down on paper pushing by using bar-coding and electronic forms. Finally we can hope to see smarter procurement systems that communicate the needs of engineering, construction, commissioning and start-up, quickly and efficiently, while also keeping supplier information current and accurate.   

7. Renewables

This trend is about what EPCs are designing and building, rather than how it's done. Wind farms and solar arrays have cropped up in the last few years, but they are far from being the bread and butter of EPC contracts. This probably won't drastically change in the next few years, but there will be more of them. These projects will require a different skill set to execute and familiarization with new technology. 

Think we missed something or see a company you think deserves a mention? Let us know in the comments! Don't forget you can also reach us on Instagram and Twitter.