NavVis, a Munich, Germany-based indoor spatial intelligence platform, raised $35.5m in Series C funding.
The round was led by Digital+ Partners, with participation from new investor Kozo Keikaku Engineering Inc. (KKE) and existing investors MIG, Target Partners and BayBG.
The company intends to use the funds to accelerate international growth to meet the demand for its digital twin solutions and product development efforts.
Led by Felix Reinshagen, co-founder and CEO, NavVis provides an indoor spatial intelligence digital twin platform for manufacturing enterprises to digitize their industrial facilities. Its open platform enables accurate mapping at high speed and scale, immersive 3D visualization designed for collaboration and location-based apps that leverage AI-powered positioning technology.
Digital twin technology is being used by an increasing number of enterprises to monitor and control assets and processes using a virtual representation of physical spaces.
Launched in 2013, NavVis has served clients such as like Daimler, Allianz, Huawei, Lenovo and Deutsche Telekom via its offices in Munich, New York and Shanghai.