What Is Cycloramic?
The Cycloramic is a smartphone application that allows you to rotate your Apple iPhone or Windows Phone 360 degrees automatically.
You can take panoramic pictures using the Cycloramic app on your phone.
Cycloramic uses a predetermined (undisclosed) frequency to activate the phone’s vibrator, leading to the phone spinning around its vertical axis and measuring the rotation angle using the gyroscope, compass, and accelerometer while taking panoramic photos.
You can capture hands-free, 360-degree, 3D recreation photographs in augmented reality using a smartphone with Cycloramic, whether you’re a private seller or a dealership.
Cycloramic evolved into Car360, which uses gyroscopes and vibrations to create a panoramic visual effect.
|Company Name||Cycloramic (Car360)|
|Product||Photo Panoramic App|
|Investment Asking For||$90,000 for 5% equity in Cycloramic|
|Final Deal||$500,000 for 15% equity in Cycloramic|
|Shark||Mark Cuban and Lori Greiner|
|Episode||Season 5 Episode 16|
|Business Status||Acquired, In Business|
Who Is The Founder Of Cycloramic?
Bruno Francois, an Atlanta-based born-again entrepreneur, founded the Cycloramic aka Car360 app.
He earned a Bachelor of Science in mechanical engineering and a Master of Science in computer science.
He served as president of a family-owned firm selling building materials before quitting his job to focus exclusively on his inventions.
Bruno brought new concepts to the app, such as the Car360, after several successful investments, partnerships, and millions of downloads for Cycloramic.
When Car360 was demonstrated in 2017, Carvana’s CEO made an outright offer of $22 million to acquire the product and the company.
Bruno has been named to the board of directors of Carvana as an executive director.
Bruno was inspired to develop his software after watching other applications go viral over the years.
From Angry Birds to Foursquare, he was inspired by every application, and he thought he could create something similar.
He left his job in 2011 at the age of 40 to focus on building anything, evaporating all of his money in the process.
It was his philosophy to dispel the myth that everything has an app, which, according to him, was not always true.
The Cycloramic was Bruno’s solution to taking 360-degree images with the iPhone while his funds ran out near 2012.
He emailed a brief film and summary to approximately 20 reporters and influencers in the technology industry, and Steve Wozniak was eventually impressed.
Apple co-founder Steve Jobs published a 360-degree video of himself taken by the app on social media less than a week after it was released on the app store, leading to an increase in app store downloads.
Bruno decided to seek cash investors to assist him in marketing and developing the app further.
Cycloramic Before Shark Tank
Bruno Francois developed the Cycloramaic concept after noticing his phone moving flat on a table.
Bruno Francois wondered if he could make money from this occurrence.
He managed to spin his phone while perched on its flat edge by altering the phone’s vibration patterns.
Eventually, this led to completely hands-free panoramic photography and filming.
It was an engaging, intuitive, and endearing concept. This app utilized pre-existing characteristics of smartphones to offer a new experience.
It turned out that simply using the product generated a viral effect. It would not be easy to imagine how a smartphone could dance.
They would watch in wonder, then purchase the app when they got home. A week after the app’s launch, Cycloramic received over 100,000 downloads.
The development company Egos Ventures and Cycloramic both achieved great praise and numerous awards in 2012 and 2013.
Bruno received a personal email from Steve Wozniak, known as “The Woz” of Apple fame, in which he described the program as “surprising, whimsical, and practical all at once.”
Bruno’s major concerns were insecurity and lack of contacts. Cycloramic was capable of many uses, but many more business models could be implemented.
It would not remain a one-dollar download in perpetuity. Should he pursue the sale of the application to a large social media platform?
What is the best way to license it to hardware manufacturers for bundling? A shark’s guiding hand is what he needs to succeed.
How Was The Shark Tank Pitch Of Cycloramic?
Bruno Francois appeared on the Tank seeking an investment of $90,000 in exchange for a 5% equity in Cycloramic, aka Car360.
Bruno accepts the deal provided by Mark Cuban and Lori Greiner and leaves the Shark Tank happily.
Final Deal: Mark Cuban and Lori Greiner agreed to invest $500,000 for 15% equity in Cycloramic.
What Happened To Cycloramic After Shark Tank?
Cycloramic reaped considerable benefits from the “Shark Tank Effect.” Bruno’s app was downloaded 100,000 times within an hour of his deal.
It has, however, also made significant advancements on its own. Cycloramic was well received in the months following its premiere. It was promoted internationally via app store promotions.
Cycloramic became the most downloaded app during Shark Tank’s weeklong engagement due to this and the show’s popularity.
Cycloramic’s downloads increased roughly eight and a half million from the filming date to the week following the episode’s premiere.
Cycloramic has been expanding its reach to additional phones in recent years. Currently, it supports certain iPhone models as well as Windows phones.
It is difficult to determine current download statistics because they are available in multiple versions of iPhone models.
There is no indication that all smartphones will have a universal basis. Egos Ventures, the company behind Cycloramic, has created similar programs since Cycloramic’s meteoric rise to prominence.
The first one, Selfie 360, turns a standard selfie into an animated gif.
However, since Shark Tank’s launch, things have slowed down. It has been nearly two years since significant developments took place.
Cycloramic expanded to the iPhone 6 but had hardware issues with subsequent versions.
Mark probably hoped to sell the business to a large social media platform like Instagram or Vine, but there has been no indication of a sale as of April 2016.
The poor performance of Cycloramic since 2014 may be due to evolving technology.
The device struggles to keep up with smartphone hardware and serves a purpose similar to drones and GoPro cameras.
Numerous emerging technologies enable users to interact with the world in new and novel ways.
Consumers have likely become accustomed to placing their phones on a nice, polished surface and waiting twenty seconds for them to take a panorama photo.
They’re looking to record high-adrenaline events like concerts and festivals.
Nonetheless, Cycloramic’s creativity is astounding. There will be no end to Bruno Francois’s app, even as it enters its twilight years.
Cycloramic Shark Tank Update
Within a short time after its introduction on Shark Tank, Cycloramic was downloaded more than 8.5 million times.
It would appear that millions of Shark Tan fans were just as amazed as the Sharks when it came to filming hands-free panoramic videos with their smartphones using Cycloramic.
Over one hundred thousand people downloaded the Cycloramic app for one dollar and ninety-nine cents each within the first hour alone following Bruno’s appearance on “Shark Tank,” resulting in revenue of over two hundred thousand dollars.
Wow, almost every competitor is inundated with new orders as soon as the Shark Tank Effect begins to take effect, but $200,000.00 in just the first hour?
Because it was such a big success, both the Cycloramic App and the Pro edition achieved the highest rankings possible in the App Store, coming in at number one and two.
This vibrating software currently has over 8 million downloads, making it easily one of the most successful applications ever shown on the Shark Tank Show in record time, as stated in a recent interview that Francois did with 9 to 5 Mac.
Lori Greiner’s marketing expertise with Mark Cuban’s knowledge of computer software and mobile applications makes them strong partners.
Bruno designed a panorama selfie app to follow his first selfie app.
Cuban and Greiner are flashing their sharky grins to the bank with their constantly expanding array of software and technologies.
After the app’s popularity peaked, Bruno created Selfie 360, converting panoramic images into animated gifs.
He then switched to Car 360, which simplified creating interactive 360-degree photos for car sales websites.
After meeting Carvana CEO Ernie Garcia at a conference, Cycloramic was bought by Carvana in April 2018 for $22 million.
Is Cycloramic Still In Business?
Cycloramic’s social media profiles have received little attention since Shark Tank. Cycloramic announced in April 2016 that it could be controlled via an Apple Watch.
A generic article on getting more from your phone was the most recent post on Facebook in June 2015, while two years ago, a photo was posted on Instagram.
What Is the Net Worth Of Cycloramic?
The valuation of Cycloramic was $1.8 million when it appeared on Shark Tank. The net worth of Cycloramic was $22 million when Carvana acquired it.