NavLive Secures £4M to Propel AI Tech in Construction

NavLive, an innovative firm emerging from Oxford's renowned deep tech research in robotics and AI, has inaugurated its operations with a robust financial foundation. Backed by £4 million, the funding includes a £3.3 million seed investment spearheaded by Oxford Sciences Innovation (OSE) and bolstered by notable investors such as SOSV and Oxford Capital Partners. Additionally, NavLive secured a £700,000 grant from Innovate UK. The company's groundbreaking handheld scanning device integrates edge AI and LiDAR technology to provide architects, engineers, and construction professionals with the means to conduct precise site scans on the fly. This real-time technology bridges significant gaps in the existing design and construction workflows, facilitating direct Scan-to-BIM outputs and reducing dependency on third-party surveys. With operational bases in London and Oxford and manufacturing in Oxford, NavLive boasts a team of 15 and collaborations with prominent industry players like Jacobs and AtkinsRealis. The technology promises to enhance construction efficiency and sustainability, effectively improving profit margins for users. NavLive's vision focuses on democratizing access to immediate and actionable 3D building data, promoting sustainable and profit-enhancing practices across the built environment's lifecycle.