As Exton-based AGI (Analytical Graphics) prepares for the completion of its $700 million acquisition by Ansys Corp (might have already happened), its leaving behind a small flock of interesting spinoffs.
Cesium, the first spinout company from AGI, kicked off last year with a $5 million Series A investment from Falcon Global Capital, to fuel the growth of its platform enabling software developers and data providers to build dynamic, interactive 3D geospatial applications.
.OneSky, a developer of Unmanned Traffic Management (UTM) and Urban Air Mobility (UAM) platforms, was the second.. It announced in April a Series A funding round led by Sumitomo Corporation. (The amount was not disclosed.)
The third was only announced last week in the wake of the Ansys deal..As part of that transaction, AGI spun off the Commercial Space Operations Center subsidiary it established in 2014, creating COMSPOC Corp.
COMSPOC retains the intellectual property, contracts, products and services developed since 2014 as well as its research arm, the Center for Space Standards and Innovation, and the free space data service CelesTrak.
In addition, COMSPOC will continue to operate its space situational awareness command center, a cloud-based platform that curates, fuses and processes space data from a global network of commercial sensors and delivers the information to government and commercial customers.
Up to now, AGI has provided investment and office space in Exton for its staff of 21. But there were no financing details available for COMSPOC’s future.
“COMSPOC and its team of subject matter experts continue to serve as sought-after thought leaders on SSA and STCM, particularly over the last several months as policymakers continue to discuss transitioning commercial SSA/STCM services to the Department of Commerce.”, the company said in its release.
“COMSPOC and AGI, an Ansys company, will operate as strategic partners, and Paul Graziani will serve as CEO of COMSPOC”, according to the release. Will he continue to run AGI?
All three AGI spinoffs are based in Exton.