Paracosm models $3.3m

Paracosm, a 3D mapping and modelling specialist spun out of Florida University, has secured $3.3m in a seed round led by Atlas Venture. Osage University Partners also participated, along iRobot, BoldStart Ventures, New World Angels, Deep Fork Capital and a number of unnamed angels.

Paracosm is marketing its software to robotics companies, video game and augmented reality developers as well as the special effects and indoor navigation sectors. Its technology is able to generate 3D models and blueprints of physical spaces.

The spin-out will use the money to continue development of its 3D scanning and reconstruction cloud platform, as well as focus further on machine learning technologies. It will also seek to establish partnerships with other companies.

Amir Rubin, founder and chief executive at Paracosm, said: “Paracosm wants to take the digital world beyond screens and enable machines to understand the world as we do. We envision a future where the digital world is seamlessly integrated into our lives. When humans and machines have a joint understanding of our world it opens up endless opportunities. Imagine a robot that can find your keys or deliver a pizza directly to a desk in a busy office building. Imagine building a video game level out of the furniture in your living room or playing an augmented reality game in which zombies chase you around your own home. Allowing machines to understand the physical realm will change the world.”