What happened to Cycloramic after the Shark Tank?
What exactly is Cycloramic?
Cycloramic is a website that allows users to see full-screen 360-degree panoramic photos. Cycloramic has been in business since 2012 and is presently on its fourth shark round.
The panoramic image was created with the iPhone camera, and the software is free to download from the Apple App Store.
Who is Cycloramic’s creator?
Bruno Francois is the guy who created the Cycloramic. Francois is a 50-year-old Canadian entrepreneur who created Cycloramic in 2021. Francois was born in Montreal, Canada, and migrated to France later in life.
What Became of Cycloramic on Shark Tank?
Francois appeared on Shark Tank, seeking for $90,000 in exchange for 5% interest in his firm, which is valued at $1.8 million.
Lori Greiner made a $200,000 bid for a 10% equity stake, boosting the price to an even $2 million.
Daymond John also makes a $250,000 bid for a 10% stake in Cycloramic, adding $500,000 to its price.
The newest visitor also opted to invest in Cycloramic, offering $250,000 for 10% equity.
Mark Cuban enters the fray, offering $1 million in return for a 30% stake in the company.
Daymond John raises his offer to $300,000 for 10% shares. Steve and Lori make a new offer for $250,000.00 and 10% of the firm, which they decrease to 5% once their first investment is returned.
Daymond returns with $350,000 for a 12 percent interest as tensions build in the endeavor to finish this deal. Finally, Lori Greiner, Mark Cuban, and Francois of the Cycloramic reach a deal for $500,000 in exchange for 15% equity.
What happened to Cycloramic after the Shark Tank?
The Cycloramic App Company continues to expand in popularity in Canada and the United States following Lori Greiner and Mark Cuban’s $500,000 investment offer for 15% of the company.
Cycloramic is presently accessible in a variety of countries via the Apple App Store and Google Play.
Over 8 million people have downloaded Cycloramic. Within an hour of the presentation of Cycloramic Shark Tank, 100,000 new downloads came in.
That means Cycloramic made around $200,000 in 60 minutes. Cycloramic and its accompanying app soared from obscurity to the top of the App Store rankings.
Working as a supporter with Mark Cuban, Cycloramic eventually exceeded more than 20 million downloads in total.
Cycloramic competitors
There are several firms in the same industry as Cycloramic. A list of competitors is shown below. 360-degree cameras (tripod), 360-degree cameras (selfie), 360 virtual tour applications that incorporate images to accompany the excursions, Google Cardboard, HTC Vive, Facebook Camera, Oculus Rift, and other similar devices…
Cycloramic’s net worth
Cycloramic App Company has increased its net worth thanks to a $3 million investment from the Tank.
A group of investors led by Atlanta-based venture capital firm BIP Capital invested $3.5 million in the company in June 2017.
CNBC provides further funds to Mark Cuban’s Radical Investments, bringing the total investment in the Cycloramic App business to $700,000 dollars.
Francois clearly succeeded in creating a viral app, but it was his ability to pivot away from his viral success and into a new product and business plan that led to a $22 million deal.
The valuation of Cycloramic App Company has reached $22 million.
Cycloramic FAQs
Is this really 360?
Yes. We use the iPhone to take 360-degree photos, and you can see them in a Web browser or on a phone or tablet. Cycloramic images are available for viewing within the Cycloramic viewer app.
The Cycloramic App is used for viewing 360-degree panoramas & allows the user to browse through an image like it’s a photo album, seamlessly moving from one scene to another.
Do the images work on my iPhone?
Yes, it uses the iPhone camera for our photos, using the panoramic settings. This makes the images faster and easier on any device. GIFs and video footage are created from each 360-degree image by a computer algorithm and can be viewed by pressing the button at the bottom of your screen.
Can I watch 360-degree videos on YouTube?
No, you can’t. User need to use the custom Cycloramic viewer.
Can I use the app on an iPads?
Yes, but they’ll have to use a Web browser to view the image (open it in a new window). They cannot view it in pop-up mode or video mode.
Where is Cycloramic based?
Cycloramic is based in Atlanta, Georgia, USA.
How do I download Cycloramic?
User can download the app from the Apple App Store or Google Play.
Where can I post my 360-degree photos if they aren’t on cycloramic?
User can post to Facebook or Twitter from inside the Cycloramic app and send it via text message directly from there as well.
What does the app cost?
The app is free to download. They do try and make money through ads, but most of their revenue comes from in-app purchases (special photos with a lot of detail that they can’t view normally).
Are there any other apps like Cycloramic?
Yes, there are a number of similar 360-degree photo applications available on the App Store & Google Play, including 360 My City, Photo Panorama, and many more.
How to use Cycloramic?
The app will walk users through it when they first open it up. They’ll need to hold their iPhone in portrait mode. The Cycloramic app brings out the magic in everyday moments. Make movies that show off their favorite place, and share them with friends!
How do I view a photo?
After shooting the photo, they can go to the app and click on Browse. They will then be able to scroll around with the phone in hand. There are several different views including landscape, list view, and panoramic view.
When will you release new features?
Cycloramic is constantly updating its app and adding new features based on user feedback. The next update is supposed to include 3D images and 360-degree videos (that may require additional hardware).
Is there any way to download a photo that I took with the app?
Yes. Users can download their photos manually. The user will need to download the photo to their computer and then save it as a JPG (portable file) on their iPhone.
The user will then need to copy this image file onto their phone through iTunes. They can then use the Cycloramic viewer app to view it.
