The £4m is made up of with £3.3m in seed funding and an earlier £700k grant from Innovate UK.
The round was led by deep tech investor OSE, with participation from SOSV, Oxford Capital Partners, Clearance Venture Partners, AE Works, Britbots, Oxford Innovation Finance.
Developed by academics in robotics research at the University of Oxford, NavLive’s cutting edge handheld LiDAR scanner combined with edge AI processing, allows users to scan all buildings, generating precise site drawings in real time.
NavLive has grown it workforce to 15, operating out of two offices in Oxford and London.
CEO Chris Davison is a seasoned entrepreneur who previously founded one of Southeast Asia’s largest challenger banks and brings extensive experience in venture capital and company scaling.
CTO Dr. David Wisth has a PhD in Computer Vision, SLAM, Robotics and is a leading expert in 3D mapping and artificial intelligence, and COO and CFO Vikram Negi is a veteran finance executive with a strong track record of building and scaling venture-backed companies across Europe and Southeast Asia.
NavLive has been used extensively across major construction projects by leading AEC firms, including Jacobs, AtkinsRealis and Mace.
NavLive has also been deployed for both nuclear and defence applications, including with the UK Atomic Energy Authority.
CEO Chris Davison said: “For too long architects and construction professionals have been stuck with complex, slow, expensive, and error-prone surveys. Our AI-powered scanning solution delivers real-time, high-fidelity 2D and 3D scans that no other product on the market can match.
“We are building the underlying record of truth for spatial data across the entire lifecycle of a building, transforming how the AEC industry works.”
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