1. An apparatus comprising: memory to store information corresponding to a two-level Bounding Volume Hierarchy (BVH) structure; and a processor, coupled to the memory, to build and traverse the two-level BVH structure over instanced geometries, wherein each leaf node of a top-level of the two-level BVH structure is to store a transformation and a reference to a node of a geometry BVH, wherein the processor is to add one or more nodes to the BVH structure, wherein the one or more nodes are capable to directly point to one or more locations of an instanced object to allow for a more efficient traversal of the BVH structure.