European Investment Bank provides EUR 20M financing to NavVis

Jul 8, 2020 · Funding · NavVis · Spatial Intelligence

The European Investment Bank provided EUR 20 million of financing to NavVis under the Investment Plan for Europe.

NavVis company media
Company media · NavVis
  • The EIB financing was backed by the European Fund for Strategic Investments.
  • NavVis said the capital would build out reality capture, SLAM, computer vision and visual-positioning technology.
  • The company also planned to expand its global footprint and digital-factory presence.

NavVis develops mobile mapping hardware and spatial-data software for capturing and operating digital twins of factories, construction sites and other large indoor environments. Founded as a Technical University of Munich spin-off in 2013, the company combines wearable and trolley mapping systems with cloud processing, visual navigation and web-based access. Its data supports planning, inspection, facility operations and robot localisation workflows.