Mapper Cesium raises $5 million to grow its 3-D platform

Cesium has raised $5 million for increasing its base and opening new Center City offices

Mapper Cesium raises $5 million to grow its 3-D platform
Mapper Cesium raises $5 million to grow its 3-D platform

Mapper Cesium raises $5 million to grow its 3-D platform 

3D mapping-software firm Cesium, have raised $5 million to increase its footprint in terms of opening new Center City offices. As of July 3, Cesium had raised $2.75 million toward its $5 million target, according to a Securities and Exchange Commission filing. The company hopes to finalize paperwork for the rest by September, according to Bonnie Bogle, Cesium’s chief operating officer.

The funds’ source is Falcon Global Capital, a new investment firm based in Jersey City, N.J., Bogle said. The money should enable Cesium “to go after all industries" while also continuing with government and military contracts, AGI’s specialty, she added.

Cesium was founded as a business within AGI back in 2011. AGI, owned by chief executive Paul Graziani and other company leaders, employs 242, including 185 at its Exton headquarters. Cesium employs about 14, and plans to boost the total to 40 within a year, said Bogle, a Blue Bell native and cofounder of Mapbox, a mapping company.

Cesium’s chief executive is Patrick Cozzi, a graphics software architect who has taught the subject at the University of Pennsylvania’s engineering school. In a post on the company’s website, Cozzi said he is using the firm’s new funds to recruit engineers at Penn and Drexel and through the local geospatial community, including meetup group GeoPhilly.

“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,” speeding its growth, Cozzi added on his post.

“Our vision for 3-D geospatial is ambitious,” he wrote. Locational data “is being collected at an astonishing -- and an ever increasing -- rate,” but has been hard for companies to organize and process.