Based in Munich, Germany, the spatial intelligence startup NavVis has announced a series C investment, raising total of $35 million. The investment was led by Digital+ Partners, with additional participation from new investor Kozo Keikaku Engineering Inc. (KKE) and existing investors MIG, Target Partners and BayBG. The funds are going to be used to accelerate its growth and to further strengthen its leading position in the global digital twins market for manufacturing and facility management industry.
NavVis supports companies in increasing their efficiency and optimization of the company performance through its open Digital Twin Platform. This includes precise building monitoring, 3D visualization for digital collaboration and location-based applications with AI-based positioning technology. According to Gartner, the half of the biggest industrial companies will have implemented digital twins technology by 2021, resulting in 10% increase in effectiveness.