With now 200 employees, Navvis develops and markets hardware and software for Recording (mapping) of interior spacesThe startup uses mobile laser scanners, which the startup uses to create "digital twins" of the scanned spaces. These are primarily used in the monitoring and documentation of construction projects, as well as in production and factory planning. The startup's customers include companies such as BMW, Daimler, Allianz, Audi, and Skoda.
George Schroth, Navvis co-founder and CTO, says:
"At Navvis, we're committed to providing instant access to reliable building information from anywhere in the world. This information underpins nearly every process related to the world's most valuable asset class—the built environment."
Navvis intends to use the fresh capital to meet the growing demand for its 3D scanning and digital twin solutions. The Munich-based company also plans to expand its R&D team to further strengthen its technological position in digital twin technology. Just last summer, the startup received €20 million in debt financing from the European Investment Bank (EIB). The funds from this loan were also used to expand the company's technology and market presence.
Navvis as a one-stop shop for reality capture
Felix Reinshagen, CEO and co-founder of Navvis, explains:
"We are delighted that the experienced and technically savvy team at Cipio Partners is leading this financing round. We are proud of the vote of confidence shown by our existing investors, who have contributed additional capital in the current round. Spatial data is becoming a fundamental building block for digital twin technology and many industrial applications – augmented reality and the metaverse require spatial data at scale."
And Ansgar Kirchheim, Partner at Cipio Partners, adds:
"Navvis's groundbreaking technology enables the easy digitization of the built environment. We are very excited to support Navvis in becoming the one-stop shop for all reality capture and digital twin needs."
