Munich-based spatial intelligence startup NavVis raises $35.5 million

Funding Rounds

Summary

NavVis works with enterprises to provide insight into different aspects of physical spaces by creating a “digital twin,” i.e. an accurate virtual copy of any building or its part. “The major German automotive manufacturers, who served as early adopters, paved the way for our digital twin technology to transform how enterprises will operate in the future,” said Felix Reinshagen, NavVis co-founder and CEO. “Our mission is now to empower every enterprise with the easiest and most powerful way to build and operate their own digital twin to the fullest potential.” Founded in 2013, NavVis has offices in Munich, New York, and Shanghai. The company stated that its technology has been used to scan and visualise more than 150 million m² for clients such as Daimler, Lenovo, and Deutsche Telekom. In the photo (left to right): NavVis founders Robert Huitl, Sebastian Hilsenbeck, Felix Reinshagen, Georg Schroth

$ Funding

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Amount $35.5M Total raised
Date December 10, 2018 Announcement date
Investors MIG, Target Partners, BayBG Venture Capital Lead investors
Company http://www.navvis.com Funded company

Classifications

industries
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applications
Engineering & Scientific

AskAI Classifications

Labels
Surveying Software 3D Laser Scanning Digital Twin Software

Linked Companies

NavVis
$50M to $100M