NavVis today announced that it has received 25 million euros of new equity financing that complements the recent 20 million euro debt financing from the European Investment Bank (EIB), bringing the total investment to 85 millions of euros. The round was led by Cipio Partners, with additional capital from previous investors, BayBG, MIG, Target Partners, Digital + Partners and Kozo Keikaku Engineering, making NavVis one of the best-funded deep tech startups in Europe.
Powering the new era of digital reality
Around construction sites, factories and all other commercial buildings today, planners, engineers and operators struggle with nonexistent, unreliable or inaccessible data. Therefore, people often have to be on site. Pandemic travel restrictions, climate considerations and the need to digitize processes and disconnect them from the physical building and assets amplify these struggles.
NavVis delivers detailed, reliable and easily accessible data on buildings and assets quickly and at an unprecedented cost. This not only takes into account the savings in time and money during planning, implementation and operations, but also enables faster decision making and reduced time to market.
CTO and co-founder of NavVis, Georg schroth, best describes the solution: âAt NavVis, our mission is to provide immediate access to reliable building information from anywhere in the world. This information is the basis of almost every process that affects the world’s most valuable asset class: the built environment. ”
NavVis achieves this with its truly disruptive reality capture solution and SaaS platform to provide immersive access to buildings from any location, especially in the manufacturing and construction industries.
Investing in scale-up and expansion
NavVis plans to leverage the investment to significantly expand its operations to meet demand for its 3D scanning and digital twin solutions. In addition to accelerating its geographic growth, NavVis also plans to expand its R&D teams to further strengthen its position as a technological leader in SLAM (simultaneous location and mapping) software, reality capture, visual positioning and technologies. of digital twins.
The megatrends of ubiquitously superimposing our physical reality with digital content (i.e. augmented reality and metaverse) are expected to drive explosive demand for NavVis’ 3D scanning and computer vision technology.
CEO and co-founder of NavVis, Felix Reinshagen, said: âWe are delighted that the experienced and knowledgeable team at Cipio Partners is leading this funding round. And we’re proud of the vote of confidence from our existing investors who have all contributed as well. Spatial data is a fundamental building block for digital twin technology and many industrial applications. Augmented reality and the metaverse need large-scale spatial data to deliver on their promise. This new funding will allow us and our clients to capture and work with spatial data at an invisible scale and utility. ”
Dr. Ansgar Kirchheim, Venture Partner at Cipio Partners added: âI have been NavVis for a few years and after joining Cipio Partners, I immediately contacted. Their revolutionary technology makes it easy to digitize the built environment which, combined with strong leadership, has enabled NavVis to truly seize the market opportunity and we are very excited to help NavVis become the one stop shop for all reality capture needs and digital twins.
About Cipio Partners
Founded in 2003, Cipio Partners is one of the leading investment management and advisory firms for European growth capital and minority buyouts for technology companies. Cipio Partners targets growing European technology companies with a turnover of 10 to 50 million euros and makes initial investments ranging from 3 to 10 million euros. Cipio Partners operates from offices in Luxembourg and Munich. More information is available at www.cipiopartners.com.
Bridging the divide between the physical and digital world, NavVis enables service providers and businesses to capture and share the built environment as photorealistic digital twins. Our SLAM-based mobile mapping systems generate high-quality data with topographic-grade accuracy at speed and scale. And with our digital factory solutions, users are equipped to make better operational decisions, increase productivity, streamline business processes and improve profitability. Situated at Munich, Germany, with offices in United States and China, NavVis has customers worldwide in the surveying, AEC and manufacturing industries. For more information, visit www.navvis.com or watch Dr. Felix Reinshagen explain the vision of NavVis here.
For more information please contact:
Robert stockmann, Head of Global Marketing
Phone. : (+49) 89 7169 250 20
E: [emailÂ protected]
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SOURCE NavVis GmbH