Laser distance meters have been available to contractors for years. The major difference Senic adds, over Ryobi, Bosch & Fluke, is bluetooth & cloud syncing. I have always wondered how these devices actually calculate distances. I have experimented with Arduino & Parallax, and I've seen how the resolution of an ultrasonic distance sensor is directly affected by the processor speed -- the processor is merely counting…
Multiple frequency phase-shift or Interferometry allows you to do even better.