Having introduced an $eight.5 million seed funding again in March 2016, VR animation agency Penrose Studios is including one other $10 million to the pile for its Collection A funding.

Led by TransLink Capital, the spherical additionally noticed participation by SalesForce founder and CEO Marc Benioff, artist will.i.am, Korea Telecom, Co-Made, Sway Ventures, 8VC, and Suffolk Fairness. The funding brings the corporate’s complete fundraising to some $18.5 million.

Penrose says the funding will likely be used to develop the corporate and proceed manufacturing of VR content material and specialised instruments for constructing VR movies higher and sooner. Whereas Penrose hasn’t but revealed any AR content material, the funding announcement hints that the studio can be trying in that path.

The studio’s debut movie was The Rose and I (April 2016), which was shortly adopted up by Allumette (October 2016); each of which have obtained usually good marks from reviewers on Steam and Oculus.

The studio’s newest work is Arden’s Wake. Although not but out there to the general public, two chapters have already been proven: The Prologue and Tide’s Fall.

The submit Penrose Studios Raises One other $10 Million for VR Animation and Storytelling appeared first on Street to VR.



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