What is Paracosm?
Founded in 2013 and headquartered in Gainesville, Florida, Paracosm specializes in the development of sophisticated lidar capture and visualization hardware and software. Its flagship product, the PX-80 handheld lidar scanner, enables users to generate high-fidelity 3D models of complex environments with unprecedented efficiency. The company serves a broad spectrum of demanding industries, including facilities management, forestry, and visual effects, by providing the tools necessary to transform physical spaces into actionable digital assets. Following its acquisition by Occipital, Inc. in 2017, Paracosm's technology has been integrated into broader spatial computing workflows, further cementing its influence in the 3D mapping ecosystem.
How much funding has Paracosm raised?
Paracosm has raised a total of $10.6M across 6 funding rounds:
Other Financing Round
$200K
Angel/Seed
$800K
Angel/Seed
$4.2M
Other Financing Round
$3.3M
Other Financing Round
$812K
Private Equity
$1.2M
Other Financing Round (2013): $200K with participation from VTF Capital and Florida Institute for the Commercialization of Public Research
Angel/Seed (2013): $800K led by The Vegas Tech Nimbus Fund and The Institute for Commercialization of Public Research
Angel/Seed (2014): $4.2M supported by Atlas Venture, iRobot, Deep Fork Capital, New World Angels, Osage University Partners, and BOLDstart Ventures
Other Financing Round (2014): $3.3M featuring New World Angels, Osage University Partners, Andy White, Boldstart Ventures, Deep Fork Capital, Atlas Ventures, and iRobot
Other Financing Round (2015): $812K backed by Accomplice VC and Osage University Partners
Private Equity (2016): $1.2M, investors not publicly disclosed
Key Investors in Paracosm
Osage University Partners
Osage Venture Partners is a Philadelphia-based venture capital firm that specializes in investing in early-stage B2B software companies on the East Coast.
iRobot
iRobot Corporation designs, builds, and sells robots for the consumer market worldwide, bringing deep expertise in robotics and autonomous systems to its investment portfolio.
Deep Fork Capital
Deep Fork Capital is an early-stage venture capital firm that invests globally in entrepreneurs creating disruptive technology-driven innovations in the consumerized internet.
What's next for Paracosm?
Following its acquisition, the strategic focus for Paracosm has shifted toward deep integration within the Occipital ecosystem, aiming to scale its lidar capabilities for mass-market and enterprise-grade applications. The historical backing provided by institutional investors has allowed the team to push the boundaries of mobile scanning technology. Moving forward, the organization is expected to continue refining its point cloud processing algorithms and hardware ergonomics, ensuring that its solutions remain at the forefront of the rapidly evolving spatial data market. The synergy between Paracosm's hardware expertise and Occipital's software-driven vision represents a significant milestone in the commercialization of 3D mapping technologies.
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