Penrose Studios, the creator of award-winning virtual reality entertainment, closed a $10 million Series A funding round led by TransLink Capital. New investor partners of the studio include entrepreneur and SalesForce founder/CEO Marc Benioff, Grammy-award winning artist and VR creator will.i.am, Korea Telecom, and Co-Made.
Verity Studios® AG raised $18 million in a Series A funding round led by Fontinalis Partners, a venture capital firm focused on next-generation mobility technologies. Other investors include Airbus Ventures, Sony Innovation Fund, and Kitty Hawk. Founded in 2014, Verity was among the first companies
TuneGO® Inc., a technology platform designed to connect artists with music and entertainment companies, completed a Series B financing round of $7.7 million led by private equity firm Falcon Capital. TuneGO plans to use the proceeds to enhance its technology platform and global infrastructure, increase the
Wondery, a leading podcast network, raised $5 million in a Series A round, led by Greycroft’s Alan Patricof, Lerer Hippeau, and Advancit Capital. Other investors in the company include BAM Ventures, Water Tower Ventures, Fox Networks Group, BDMI, and industry experts Stanley Shuman and Michael
Arraiy, a computer vision and machine learning platform for the motion picture and television industry, raised over $10 million in Series A funding. The round was led by Lux Capital and Softbank Ventures, with new participation from Dentsu Ventures and Cherry Tree Investments, and continued
Positron announced at the Sundance Film Festival that it has closed a $1.4 million seed funding round to continue developing the next generation of Voyager™, its flagship VR exhibition and distribution platform. As a 2018 official provider of Sundance Institute®, Positron’s Voyager™ VR chair platform
According to a recent SEC filing, YouNow, a live social network that allows users to broadcast themselves from anywhere in real time, raised $6.4 million in financing from an undisclosed investor. YouNow users tap “Go Live,” and can broadcast to a live audience, expand their
Media company Heyou Media raised a new round of financing from an undisclosed investor. Founded in late 2016 by Tom Skerritt, Heyou Media, Inc., is an aggregator of new media visual entertainment content, including music, theatrical long-form, short-form video, web series, virtual reality and special interest
Dreamscape Immersive completed $30 million in Series B financing, led by AMC, with participation from Nickelodeon, Bold Capital Partners, 21st Century Fox, Warner Bros. Entertainment, Image Nation Abu Dhabi, Majid Al Futtaim Holdings, and VRSense Solutions. Dreamscape Immersive uses VR technology to create “a new
Digital media startup Quidd raised $13 million in Series A financing, led by Sequoia Capital. Quidd allows pop culture licensees and manufacturers to convert their physical products into digital collectibles like stickers, GIFs, cards, and toys. According to the firm, entertainment brands like Marvel, Game Of