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NavVis Raises $35.5 Million

3D Printing Industry has caught wind of Series C funding for software company NavVis.  NavVis, which derives from the Technical University of Munich (TUM), “has raised a total of $35.5 million to accelerate its digital twin platform.”

What is a digital twin platform, you may ask.  Well, “digital twin technology enables intangible replicas of physical assets, processes, and devices.  Based on the Internet of Things (IoT), a digital twin encompasses a network of connected devices exchanging data.”

In the case of NavVis, the company is “integrating its 3D scanning hardware, NavVis M6, and 3D visualization software, NavVis IndoorViewer.”  In tandem, both the hardware and the software will provide “a virtual workspace…for collaboration and insights which will ‘drive strategic decision-making as well as day-to-day operations.”

NavVis, which was founded in 2013, “has identified two critical challenges experienced by enterprises seeking to implement digital twin technology.  This includes scanning large industrial facilities to capture information and processing data and making it accessible to the workforce.”

Leading NavVis’ Series C funding was Digital+ Partners.  Other funding sources included “Kozo Keikaku Engineering Inc. (KKE), MIG, Target Partners, and BayBG.”

Elsewhere in this burgeoning industry, “GE Global Research is developing digital twin models of metal 3D printed parts for the U.S. Navy to accelerate the production of mission-critical equipment.”  Indeed, “a growing amount of manufacturers are integrating its suppliers and customers into a demand-driven supply chain through digital twin concepts.”

Image and Quotes Courtesy of 3D Printing Industry

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