NavVis Investment Round Could Transform the Digital Twin
Emily Pollock posted on December 17, 2018 |
NavVis is planning to use a recent round of funding to make their IndoorWorks the interface of a new digital twin ecosystem. (Image courtesy of NavVis)
Indoor spatial intelligence company NavVis recently closed an investment round of $35.5 million. One of their goals with that money is to make further inroads into the digital twin industry, developing an ecosystem to connect sensor data with 3D models and point clouds.
Digital twins are digital versions of physical assets or processes that are informed by real-time data from the physical “twin.” As the cost of IoT-connected sensors has dropped over the last few years, the old idea of the digital twin has become more feasible and more popular. Now, NavVis is looking to capitalize on that market boom.
“As digital twin technology has become more widespread, the demand to customize and build on top of the NavVis platform has also grown,” says Felix Reinshagen, NavVis co-founder and CEO. “To further open the NavVis platform for digital twin technology, we therefore plan to grow the ecosystem of third-party developers.”
The company plans to develop a more inclusive ecosystem that works with third-party applications like IoT and AR/VR. The new ecosystem will build off NavVis Indoorviewer, the company’s web-based platform to display point clouds, 360° immersive imagery, and site maps of interiors to all…