Walt Disney and others invest $65 million in Jaunt Virtual Reality to help advance its camera hardwa
Jaunt, the leading company pioneering cinematic virtual reality (VR) announced has received $65 million investment from The Walt Disney Company; Evolution Media Partners – a partnership of CAA-backed Evolution Media Capital, TPG Growth and Participant Media; and Chinabased China Media Capital (CMC).
The new investors will greatly expand Jaunt’s global reach, providing significant resources and relationships to help make VR the next mainstream content medium. This investment will enable Jaunt to significantly scale up VR production, and advance their professional-grade camera hardware and software production tools, delivering content to the widest array of mobile devices and VR hardware in the industry. In addition, Jaunt plans to use the funding to significantly grow their teams in both their Palo Alto headquarters and their new Los Angeles studio.
This funding comes on the heels of Jaunt’s recently-announced 5th generation patentpending camera system, officially named Jaunt ONE, which is built from the ground up for VR, and after two years of testing, pushes the limits of technological innovation. The company also announced Jaunt Studios earlier this year, a new arm of the company focused solely on developing, producing and collaborating on live-action virtual reality experiences from its LA studio.
|Company Name||Jaunt Inc.|
|Type||Advance Its Camera Hardware And Software Tools|
|Estimated Cost||$65 million|