NavVis GmbH, a Munich, Germany-based indoor mapping startup, raised €7.5m in Series B funding.
The round was led by Target Partners, with participation from existing investors MIG Fonds and BayBG Bayerische Beteiligungsgesellschaft mbH as well as new investor Don Dodge, Developer Evangelist at Google.
The company intends to use the funds to ramp up production, expand sales activities in Germany and other major global markets, such as China, Japan, the Middle East, Southeast Asia and the USA, and to further develop its technology.
Founded in 2013 Georg Schroth, Sebastian Hilsenbeck, Robert Huitl, and Felix Reinshagen, CEO, NavVis develops applications for 3D mapping, viewing and navigation of indoor spaces to facilitate orientation, even in complex building systems such as factories and exhibition halls, airports, railway stations, shopping centers, museums, etc., without requiring any additional infrastructure such as Wi-Fi Hotspots, RFID or Bluetooth.
Its patent-pending Trolley can map an environment by using laser scanners while cameras generate a dense network of high-definition 720-degree photographs of the entire interior space. A browser-based IndoorViewer enables looking around, path-finding, interaction with popular Point of Interest features (e.g. video or audio data) as well as precise point-to-point measurements.
The smartphone app is due to go live soon.
The company currently has 60 employees.