Cosm's Immersive Entertainment Expansion Fueled by 0M in New Funding

Cosm, a pioneering company in the realm of immersive technology, media, and entertainment, has secured over 0 million in new funding to fuel its ongoing expansion. The company, which has dubbed its offerings as "shared reality" experiences, is poised to extend its footprint across various cities, while also strengthening its technology and media business divisions.

Unlocking the Future of Immersive Entertainment

Expanding the Cosm Venue Portfolio

The new capital infusion will enable Cosm to continue its expansion, with plans to open additional venues in Los Angeles, Dallas, and other strategic locations. These venues will combine permanent theater-style seating, wall-sized screens, and flexible event spaces, all designed to offer attendees an immersive and captivating experience. The integration of cutting-edge technology throughout the venues is a key component of Cosm's vision to redefine how the world experiences content.

Strengthening the Technology and Media Divisions

Alongside the venue expansion, the funding will also fortify Cosm's technology and media business divisions. This will allow the company to further develop and refine the proprietary technologies that power its immersive experiences, ensuring a seamless and engaging experience for audiences. Additionally, the company will continue to cultivate its partnerships with leading content providers, including the NBA, UFC, ESPN, NBC Sports, Turner Sports, Fox Sports, and Cirque du Soleil, among others.

Attracting Strategic Investors

The new funding round has attracted a diverse group of investors, including both existing and new backers. Existing investor Steve Winn, through his Mirasol Capital, has continued to support Cosm's vision. The roster of new investors is particularly noteworthy, as it includes several individuals known for their involvement in professional sports teams, such as former Milwaukee Bucks co-owner Marc Lasry, Cleveland Cavaliers owner Dan Gilbert, and Blackstone partner and sports team investor David Blitzer.

Leveraging Expertise and Insights

The strategic nature of these new investors is expected to provide Cosm with invaluable insights and growth capital to help the company achieve its ambitious goals. The company's CEO, Jeb Terry, emphasized the importance of these partnerships, stating that they will "help us achieve our biggest vision and aggressively scale the business."

Cosm's Foundational Acquisitions

Cosm's journey began in 2020 with the acquisition of Evans & Sutherland, a pioneering technology company in the field of modern computer graphics, along with its subsidiary Spitz, Inc. This was followed by the subsequent acquisitions of LiveLikeVR (now Cosm Immersive) and C360, further strengthening the company's technological capabilities and expertise.

Delivering Transformative Experiences

Cosm's first venue, opened in Los Angeles at Hollywood Park last April, has already showcased the company's ability to deliver transformative entertainment experiences. The venue's combination of permanent seating, wall-sized screens, and flexible event spaces, coupled with integrated technology, has been praised for its ability to immerse audiences in a range of content, from sports to live events and beyond.

Expanding the Cosm Footprint

Building on the success of its inaugural venue, Cosm is set to open additional locations in Dallas at Grandscape and in Atlanta's Centennial Yards. These strategic expansions will bring Cosm's unique brand of immersive entertainment to new markets, allowing more audiences to experience the company's vision for the future of shared reality.