University of Florida spin-out Paracosm has received $800,000 in seed funding from the Institute for Commercialisation of Public Research (ICPR), the Vegas Tech Nimbus Fund (VTNF), and local angels.
The ICPR supplied $300,000 of the total investment in the 3D imaging firm, with seed investor VTNF and angels from around South Florida accounting for the remainder.
Paracosm, which was launched at the start of the year, is commercialising computer-aided design technology used in conjunction with depth cameras to create 3D mapping systems.
Amir Rubin, co-founder of Paracosm, said: “Paracosm is on a mission to create a 3-D model of every building on earth. We plan to disrupt the professional 3-D scanning industry by enabling users to scan a space using readily-available cameras, upload their data to a cloud infrastructure that converts the scan to a CAD file, and download their model for use in any 3D CAD modeling tool of their choice, and funding from the Institute will help us to get there faster.”
