NavVis Raises €73.7 Million in Series D Funding
NavVis, a Munich-based company specializing in creating digital spatial twins for physical spaces, has successfully raised €73.7 million in a Series D funding round. The round was led by The Jordan Company, with participation from existing investors Yttrium, KOZO KEIKAKU ENGINEERING (KKE), and Cipio Partners.
Company Background
Founded in 2013, NavVis is known for its innovative solutions that bridge the physical and digital worlds. The company offers technology that enables the creation of digital replicas of real-world spaces, which are valuable for various industries, including construction, manufacturing, and facility management.
Use of Funds
NavVis plans to utilize the newly acquired funds to enhance its spatial data platform and accelerate the development of its AI products. The company aims to improve scalability and intelligence, ultimately increasing productivity for its clients. "Our mission is to keep the physical and digital reality synchronized," said Dr. Felix Reinshagen, co-founder and CEO of NavVis.
Leadership and Vision
The company is led by a team of co-founders: Felix Reinshagen, Georg Schroth, and Robert Huitl. Under their leadership, NavVis has positioned itself as a key player in the spatial data industry, trusted by operators managing critical infrastructure worldwide.
This latest funding round marks a significant step for NavVis as it continues to expand its market presence and technological capabilities.