NavVis is a technology company.
NavVis bridges the gap between the physical and digital worlds through reality capture technology, providing digital foundations for creating photorealistic digital twins of the built environment.
NavVis has raised $72.0M across 3 funding rounds.
NavVis has raised $72.0M in total across 3 funding rounds.
NavVis has raised $72.0M in total across 3 funding rounds.
NavVis's investors include Target Partners, Don Dodge, Enspire Capital.
NavVis is a Munich-based technology company specializing in reality capture and digital twin solutions through advanced laser scanning hardware and software. It develops wearable and handheld devices like the NavVis VLX series and MLX, paired with the NavVis IVION platform for processing, visualizing, and collaborating on photorealistic point clouds and panoramic images.[2][3] These tools serve industries including surveying, architecture, engineering, construction (AEC), manufacturing, and process operations, solving challenges in capturing accurate 3D data of complex physical environments at scale to enable digital twins, site verification, and operational efficiency.[1][4] NavVis demonstrates strong growth through consistent product launches (e.g., VLX 2, VLX 3, MLX), global office expansions, and multiple funding rounds, positioning it as a leader in SLAM-based (Simultaneous Localization and Mapping) dynamic scanning.[3]
NavVis was founded in 2013 by Felix Reinshagen, a former McKinsey consultant, alongside Georg Schroth, Robert Huitl, and Sebastian Hilsenbeck from the Technical University of Munich (TUM) research team, with incubation support from TUM.[3] The idea emerged from combining expertise in mobile mapping and SLAM technology to address inefficiencies in traditional laser scanning for indoor and complex environments. Early traction came swiftly: in 2014, the company secured Series A funding, launched the NavVis M3 mobile mapping system, and introduced NavVis IndoorViewer.[3] Pivotal moments include the 2018 Series C funding and NavVis M6 release, the 2020 launch of the wearable VLX amid European Investment Bank financing, and ongoing innovations like IVION rebranding in 2021 and new hardware in 2023-2024, fueling expansion to offices in the US, UK, and China.[3]
NavVis stands out in reality capture through hardware-software integration emphasizing speed, accuracy, and usability:
NavVis rides the surging demand for digital twins and 3D spatial data amid Industry 4.0 digitization, where physical assets must mirror virtually for planning, compliance, and remote operations—trends accelerated by post-pandemic remote work and AI-driven simulations.[3][5][7] Timing aligns perfectly with maturing SLAM tech and LiDAR cost reductions, enabling scalable capture of built environments that static scanners can't match efficiently.[1][5] Market forces like AEC's need for as-built verification, manufacturing's downtime minimization, and infrastructure's renovation demands favor NavVis, as it cuts field time, data volume, and costs while integrating into ecosystems via open formats.[4][5][6] It influences the landscape by democratizing high-fidelity reality capture, empowering service providers to deliver "single source of truth" data that fuels BIM (Building Information Modeling), asset management, and global collaboration.[2][7]
NavVis is poised to dominate wearable reality capture as digital twin adoption explodes in AEC and manufacturing, with upcoming trends like AI-enhanced processing and AR/VR integration amplifying its SLAM edge. Expect expansions in enterprise features (e.g., advanced analytics in IVION) and hybrid scan workflows to capture larger market share, potentially through partnerships or further funding. Its evolution from startup to global innovator underscores a trajectory toward redefining how industries bridge physical-digital divides, building on a decade of hardware leaps to sustain leadership in efficient, precise spatial intelligence.[3][5]
NavVis has raised $72.0M across 3 funding rounds. Most recently, it raised $28.0M Venture Round in December 2021.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Dec 1, 2021 | $28.0M Venture Round | Target Partners, Don Dodge | |
| Dec 1, 2018 | $36.0M Series C | Target Partners, Don Dodge | |
| Dec 1, 2015 | $8.0M Series B | Enspire Capital, Target Partners, Don Dodge |