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- Cosm
Cosm Revenue, Valuation, Funding & Investors
Cosm is valued at $2B as of July 2024, a 37.0x multiple on its last reported $54M revenue.
Last Cosm valuation
$2B
Undisclosed stage · Jul 2024
Last Cosm funding round
$100M
Series C · Jun 2026
Cosm revenue
$54M
Undisclosed stage · Jul 2024
Key investors in Cosm
Baillie Gifford
Bolt Ventures
Sony Pictures Entertainment
Avenue Capital Group
Rock Ventures
Mirasol Capital
About Cosm
Cosm is a technology, media, and entertainment company delivering immersive venue experiences. It designs colossal LED screens exceeding 100 feet in width for live sports broadcasts, concerts, and events. Venues feature proprietary display engines, audio systems, and content platforms. Headquartered in Los Angeles, Cosm operates locations in New York and plans expansions in Atlanta and Dallas.
Founded
2020
HQ
Website
Status
Privately held
Customer focus
B2C
Revenue model
Usage-based, Subscription
Revenue
$54M (Jul 2024)
Valuation
$2B (Jul 2024)
Cosm Valuation
Cosm is currently valued at $2B, based on its undisclosed-stage round in July 2024.
The $250M round included Baillie Gifford, Rock Ventures, Avenue Capital Group, Bolt Ventures and Mirasol Capital.
Cosm valuation by funding round
| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Jul 2024 | Undisclosed stage | $2B | 37.0x |
Cosm Revenue
Cosm's latest recorded revenue is $54M, as of its undisclosed-stage round in July 2024. At a $2B valuation, that implies a 37.0x revenue multiple.
Cosm revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Jul 2024 | $54M | $2B | 37.0x | Undisclosed stage |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Cosm Funding History
Cosm has raised a total of $350M across 2 funding rounds.
Cosm's first fundraising round was a $250M undisclosed-stage round in July 2024. The most recent completed round was a $100M Series C in June 2026.
Cosm funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jun 2026 | Series C | Sony Pictures Entertainment (lead) | $100M | - | Sony Pictures Entertainment (SPE) announced a $100 million strategic investment in immersive technology firm Cosm on June 24, 2026, serving as the lead investor in Cosm's Series C financing round and taking a minority equity stake. The size of SPE's minority stake was not disclosed, but SPE Chief Executive Ravi Ahuja will join Cosm's board of directors to influence the company's direction while leveraging it to enhance Sony's franchises. This investment marks SPE's push to build a business in communal and immersive experiences, blending virtual reality with tangible environments in LED dome theaters that show live sports. Cosm currently operates three venues: one at Hollywood Park in Inglewood (adjacent to SoFi Stadium), another in North Dallas at Grandscape, and a third in downtown Atlanta at Centennial Yards. A fourth location is set to debut in Detroit in September 2026, followed by a fifth in downtown Cleveland early next year, with additional sites planned domestically and internationally. Cosm stated it will utilize this funding to accelerate expansion and enhance technological initiatives in sports and entertainment. Goldman Sachs and Allen & Company acted as financial advisors for Cosm. This is Cosm's first major influx of capital since raising $250 million in mid-2024 in a funding round that valued the company at more than $1 billion. |
| Jul 2024 | Undisclosed stage | Baillie Gifford; Rock Ventures; Avenue Capital Group; Bolt Ventures; Mirasol Capital | $250M | $2B | Cosm is a Los Angeles-based media and entertainment company founded in 2020 that builds immersive end-to-end experience solutions, offering shared reality venues with large domes for sports and entertainment content in partnership with NBA, UFC, ESPN, NBC Sports, Turner Sports, FOX Sports, Cirque du Soleil, and others. The company has opened its first venue in Los Angeles, with plans for additional locations in Dallas and Atlanta, and maintains a waitlist of developers interested in hosting Cosm sites. Cosm employs over 300 people and focuses on redefining content experiences through technology. On July 31, 2024, Cosm raised over $250 million in a strategic growth venture round to accelerate product development, expand its team, scale operations globally, and build more experiential entertainment venues. Investors included Avenue Capital Group (via Avenue Sports Fund led by Marc Lasry), Baillie Gifford, Bolt Ventures (David Blitzer), Mirasol Capital, and Rock Ventures (Dan Gilbert), matching the query's specified participants alongside existing backer Steve Winn. The round achieved unicorn status, with sources reporting post-money valuations of over $1 billion or specifically $2 billion. This funding underscores investor confidence in Cosm's intersection of entertainment and immersive technology, akin to Sphere-like experiences, amid a growing market for innovative content delivery. The capital positions Cosm to aggressively expand its venue footprint and content partnerships. |
Who has invested in Cosm?
6 investors have backed Cosm across its funding rounds, including Baillie Gifford, Bolt Ventures, Sony Pictures Entertainment, Avenue Capital Group, Rock Ventures and Mirasol Capital.
Lead investors include Sony Pictures Entertainment.
Cosm Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Participant | Jul 2024 | ||
| 1 | Participant | Jul 2024 | ||
| 1 | Participant | Jul 2024 | ||
| 1 | Participant | Jul 2024 | ||
This data is available for Pro users. Sign up to see all 6 Cosm investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAcquisitions by Cosm
Cosm has acquired 1 company to date.
Last acquisition by Cosm was on January 11th 2023. Cosm acquired C360 Technologies for undisclosed valuation.
Latest Acquisitions by Cosm
| Description | C360 Technologies is a Wexford-headquartered developer of 360-degree video capture systems for live broadcasting. The company produces single-lens cameras outputting 6K immersive streams and multiple HD-SDI feeds for linear TV and OTT platforms like YouTube and Facebook. Founded in 2008, its technology enables real-time pan-tilt-zoom control for unlimited remote viewers during events such as sports and concerts. |
| HQ Country | |
| HQ City | Pittsburgh, PA |
| Deal Date | 11 Jan 2023 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Cosm acquisitions and their M&A valuation multiples. Start Free Trial | |
Cosm Competitors
Cosm competitors include listed companies like Alibaba Pictures Group and Amagi Media Labs, and private ones like Create Music Group, Suning Sports, Iyuno-SDI and AGBO.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $2.2B | - | ||
| Private | - | - | $2.6B | - | ||
| Private | - | - | $1.2B | - | ||
| Private | - | - | $1.1B | - | ||
| Publicly listed | $1.2B | $133M | $1.8B | 0.7x | ||
| Publicly listed | $157M | $8M | $1.3B | 6.3x |
Cosm Public Comps
Cosm is still privately-owned, but its public comps include China Star Entertainment, Zhejiang Huace Film & TV, TV Asahi, Xinhua Winshare, Alpha, Alibaba Pictures Group, Vivendi, Emtek, Visual China Group and China Literature.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $52M | ($52M) | 43.1x | - | (42.9x) | - | |||
| $422M | $64M | 4.4x | 4.3x | 28.8x | 22.1x | |||
| $2.2B | $323M | 0.7x | 0.8x | 5.0x | 7.9x | |||
| $1.7B | $248M | 0.4x | 0.4x | 2.9x | 3.4x | |||
| $369M | $28M | 5.2x | - | 67.8x | - | |||
| $1.2B | $133M | 0.7x | 0.7x | 6.2x | 6.0x | |||
| $354M | $161M | 8.9x | 8.7x | 19.6x | (216.0x) | |||
| $1.1B | $543M | 1.2x | 1.2x | 2.4x | 13.4x | |||
This data is available for Pro users. Sign up to see all Cosm competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Cosm
| When was Cosm founded? | Cosm was founded in 2020. |
| Where is Cosm headquartered? | Cosm is headquartered in Los Angeles, CA, United States. |
| Is Cosm publicly listed? | No, Cosm is a private, VC-backed company. |
| What is Cosm's valuation? | Cosm was last valued at $2B in its undisclosed-stage round in July 2024. |
| How much funding has Cosm raised? | Cosm has raised $350M across 2 funding rounds. |
| What was Cosm's last funding round? | Cosm's last funding round was a $100M Series C in June 2026, led by Sony Pictures Entertainment. |
| Who are Cosm's investors? | Cosm's investors include Baillie Gifford, Rock Ventures, Avenue Capital Group, Bolt Ventures, Mirasol Capital and Sony Pictures Entertainment. |
| What is Cosm's revenue? | Cosm's latest recorded revenue is $54M (July 2024). |
| What is Cosm's revenue multiple? | Cosm's latest valuation implies a 37.0x revenue multiple ($2B valuation on $54M of revenue). |
| Which companies are comparable to Cosm? | Companies comparable to Cosm include Create Music Group, Suning Sports, Iyuno-SDI, AGBO, Alibaba Pictures Group and Amagi Media Labs. |
| How many companies has Cosm acquired? | Cosm has acquired 1 company, including C360 Technologies. |
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