The Point Cloud Menu lists the functions dedicated to Point Cloud optimization :


Menu option

Description

Keyboard Shortcut

Decimate

Reduces the number of points in a Point Cloud, making it easier to manipulate or to create LODs out of it

Check out this video to learn more about this feature:


Tessellate

Generates a mesh from a Point Cloud


Proxy Mesh + Bake

Automatically generates a Proxy Mesh out of a selection of Point Cloud, with optional automatic Diffuse texture generation


Segment

 Explode a Point Cloud in multiple Point Clouds by splitting points using voxels