Disney Co. Invested $65 Million In JauntVR In Series C Funding
Virtual reality cinematic VR startup Jaunt VR is an expert of capturing and producing live events, concerts and film in 360. Reported by Variety today, JauntVR has just has raised $65 million in Series C funding led by the Walt Disney Co., Evolution Media Partners and China Media Capital (CMC).
According to Variety’s report from last week. Jaunt’s latest round was north of $50 million. The funding, which brings Jaunt had received a sum of approximately $100 million funding raised to date, which records the biggest single funding event for a VR company.
“This round further illustrates our commitment and dedication to advancing the scope of cinematic VR – for filmmakers, storytellers and audiences alike,” Jaunt CEO and co-founder Jens Christensen said. “With the support of these world-class companies, we will explore new avenues, building on our leadership position to deliver amazing VR experiences using best-in-class tools, technology and creative teams.”
Rick Hess, founder and co-managing partner of Evolution Media Partners, added, “Brands, artists and creatives are looking to reach and interact with their audiences in new innovative ways, and Jaunt’s expertise provides a groundbreaking medium for exploring these new avenues.”
According to Jaunt, raised funding will allow JauntVR to further advance its professional grade 360 camera NEO, equipment and software application. On the other hand, Jaunt will inject the funding to expand the team in its LA and Palo Alto, California studios!
Content Source: Variety