Spinoff of Exton-Based Analytical Graphics to Raise $5 Million for Further Expansion

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The team at Cesium.

Cesium, a recent spinoff of Exton-based Analytical Graphics Inc., is raising $5 million to grow its 3-D platform beyond military intelligence, writes Joseph DiStefano for The Philadelphia Inquirer.

The 3-D mapping-software firm had raised $2.75 million toward its $5 million target as of July 3. The company is hoping to complete paperwork for the remaining funds by September. The source of the funds is Falcon Global Capital.

The money will enable Cesium to branch out from government and military contracts, which are AGI’s specialty, and go after all industries.

Cesium was founded eight years ago as a business within AGI. It employs around 14 people but plans to boost the total to 40 within a year.

In a post on Cesium’s website, the firm’s chief executive, Patrick Cozzi, said he is using the new funds to recruit engineers at Penn State and Drexel and through the local geospatial community.

“We’ve been incredibly fortunate to have had the ongoing support of AGI that allowed us to create Cesium in 2011, trial it in real-world scenarios, expand it over the past eight years, and now take it out on our own,” wrote Cozzi.

Read more about Cesium in The Philadelphia Inquirer here.

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