Jaunt, a Palo Alto, CA-based provider of a cinematic virtual reality (VR) platform, raised $65m in series C funding.
The round was led by The Walt Disney Company, Evolution Media Partners – a partnership of CAA-backed Evolution Media Capital, TPG Growth and Participant Media, and China-based China Media Capital (CMC), with participation from ProSiebenSat.1 SE and Axel Springer SE, and The Madison Square Garden Company as well as existing investors Google Ventures, Highland Capital, Redpoint Ventures, Sky and SV Angel.
The company, which has raised over $100m in total funding, intends to use the capital to scale up VR production, advance their professional-grade camera hardware and software production tools, grow their teams in both their Palo Alto headquarters and their new Los Angeles studio.
Led by Jens Christensen, CEO and co-founder, and David Anderman, Chief Business Officer, Jaunt develops hardware, software, tools, and applications to enable cinematic VR also working with creatives – from brands to artists to filmmakers – to create content through its studio arm, Jaunt Studios.
The company currently works with brands and creative artists including The North Face, Rebecca Minkoff, Condé Nast and ABC News, and is looking forward to building relationships with new and innovative creators across a wide variety of verticals.
FinSMEs
21/09/2015