Cosm, a leading immersive technology, media, and entertainment company recently announced the successful raise of over $250 million in funding to drive long-term growth of its “Shared Reality” venues and its technology and media business units.
Cosm’s latest round of funding includes existing investors Steve Winn and Mirasol Capital and welcomes new investors Avenue Sports Fund led by Marc Lasry, Dan Gilbert’s ROCK, Baillie Gifford, and David Blitzer’s Bolt Ventures.
With the recent opening of its first venue in Los Angeles at Hollywood Park, Cosm will use the new capital to scale operational excellence, grow its robust technology and media business units, and accelerate the development of additional venues globally.
Cosm’s second venue is slated to open later this year in Dallas at Grandscape and the company last week announced the location of its third venue in Atlanta at Centennial Yards.
Cosm was founded in 2020 with the acquisition of Evans & Sutherland, one of the most innovative technology companies in the history of modern computer graphics, along with its subsidiary Spitz, Inc., and the subsequent follow-on acquisitions of LiveLikeVR (now Cosm Immersive) and C360.
The company draws on its collective 75-year experience in technological innovation to usher in the next generation of entertainment through Shared Reality – a category-defining experience that seamlessly bridges the virtual and physical worlds by merging state-of-the-art visuals with the energy and excitement of the crowd and elevated food and beverage service.
At Cosm, fans feel like they are sitting courtside, inside the octagon, standing on the sidelines, or cheering from the front row at the most sought-after events from around the globe.
Programming at Cosm’s venues includes live sports offerings through official partnerships with the NBA, UFC, ESPN, NBC Sports, TNT Sports, and FOX Sports, which allow fans to experience live productions of UFC, English Premier League soccer, college football and basketball, the NBA, NHL, premium horse racing events, US Open Tennis, select U.S. Men’s and Women’s National Soccer Team matches, and more, all in Shared Reality.
