The new company, SpatialGPT, aims to help organisations transform how spaces are constructed, managed and used.
SpatialGPT, a startup which leverages generative artificial intelligence (genAI) and the Apple Vision Pro, has raised $5.1 million to make spatial environments more efficient, accurate and accessible – particularly in the construction industry.
The startup was born out of the AI incubator, InnovateGPT Group, which was founded by former Microsoft executives George Stavrakakis and Rupert Walsh (the CEO and CTO respectively). Robert Marolda, also an ex-Microsoft and ex-VMWare employee, will lead SpatialGPT as CEO.
It’s one of 13 AI startups incubated and launched out of InnovateGPT in its first year, alongside SkillsGPT and RedGridGPT. In total, the incubator has invested more than $15 million across its portfolio.
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SpatialGPT says it’s building AI-powered solutions using Microsoft Azure OpenAI Service, Microsoft Copilot, Apple Vision Pro, JigSpace, and other technologies to enhance precision, minimise delays and optimise costs. It will include virtual reality walkthroughs for early design decisions, real-time progress tracking with automated reported and advanced data collection.
Initially, the company is focused on “billion-dollar projects” in the construction industry, but will later expand into education, healthcare and retail.
“Our decision to focus first on the construction sector stems from recognising its pivotal role in the economy and the substantial potential for positive change within this key area,” Stavrakakis said. “It’s clear that this sector not only plays a crucial role in our economy but also presents a ripe landscape for innovative advancements.”
The construction industry accounts for about 10% of Australia’s gross domestic product, but construction productivity has declined 1.5% annually over the past two decades, according to Build Australia.
“With its wide-ranging applicability, SpatialGPT is set to revolutionise the construction industry and bring significant value to various sectors. Over the next 12 months, we aim to expand our market presence and deepen our engagement across industries,” Stavarakakis said.
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