Previously a part of Exton-based Analytical Graphics Inc., the 3D geospatial platform venture Cesium is spinning out on its own with a $5 million Series A raise, writes Paige Gross for Technical.ly Philly.
Cesium started as a project at AGI eight years ago, with a goal of filling a need for temporal geospatial visualizations on the web. Its first iteration was an open-source 3D visualization engine, CesiumJS.
Today, Cesium is as an open platform for streaming, visualizing, and analyzing 3D geospatial data.
“We’re capturing more data about our world than we ever have before, and more frequently than we ever have before,” said Cesium CEO Patrick Cozzi.
“Given how rapidly 3D geospatial data sources are evolving, we believe it’s the right time for Cesium to launch as an independent entity,” said Paul Graziani, AGI’s CEO.
The new company has received its initial investment from Falcon Global Capital and is planning to use the funds to further develop the geospatial platform and add members to its current team of 13 employees.
The spinout set up shop in The Yard in Center City.
Read more about Cesium at Technical.ly Philly here.