Yesterday, 360 camera manufacturer Panono declared bankruptcy. The Berlin-based company produces the highest resolutionThe number of pixels in an image, typically presented as a ratio of the total pixels on x axis to the total pixels on th... More all-in-one 360 still camera, which can capture 108-megapixel images with its 36 lenses.

What’s most concerning about this announcement, as Immersive Shooter contributor and 360 Rumors blogger Mic Ty points out, is what will happen with Panono’s cloud stitching program.

Unlike other cameras with companion desktop software, the Panono’s images are stitched in the cloud. Meaning, there’s a chance the stitching program could no longer be supported, depending on how the bankruptcy shakes out.

However, it is possible—if not ideal—to stitch Panono’s images with a third party program, Panoramic Studio 3 Pro.

Photo courtesy of Panono

The camera, which increased in price from $1,500 to $2,000, was already a bit steep for a somewhat limited (albeit excellent) use case. And, just last month, Panono made an offer to purchase refurbished cameras—mostly review and test units—for 50 percent off. Perhaps both were signs of trouble ahead?

Read Mic’s post for some predictions on how the bankruptcy could affect existing camera owners and what may be next for Panono.