Munich-based spatial intelligence startup NavVis has received an investment of €31 million in Series C funding to boost its international expansion and develop innovative solutions. The investors include Digital+ Partners, MIG, Target Partners, BayBG and Kozo Keikaku Engineering Inc.
NavVis CEO Felix Reinshagen said, “The major German automotive manufacturers, who served as early adopters, paved the way for our digital twin technology to transform how enterprises will operate in the future. As a result, we are now experiencing a tremendous surge in demand for our well-established and trail tested platform. Our mission is now to empower every enterprise with the easiest and most powerful way to build and operate their own digital twin to the fullest potential.”