OTOY has received Series D funding. No financial terms were disclosed. Yuri Milner led the round with participation from former Morgan Stanley CEO John Mack, Autodesk, Taylor Frigon, George Gilder and The Roddenberry Trust. Based in Los Angeles, OTOY is a cloud graphics company.
LOS ANGELES, Feb. 12, 2014 /PRNewswire/ — OTOY Inc., today announced a Series D round of funding to help accelerate commercialization of the company’s industry-leading cloud graphics offerings that are redefining content creation and delivery processes for media and entertainment organizations around the world. The round is led by prominent technology investor, Yuri Milner, and includes former Morgan Stanley CEO, John Mack, who join investors including Autodesk, Taylor Frigon, George Gilder and The Roddenberry Trust.
OTOY has spent the last four years putting the building blocks in place for commercialization, developing and acquiring groundbreaking technologies that dramatically improve the quality, speed, and cost of computer-generated content creation and delivery for a variety of fields, while bolstering its advisory board. The board includes Eric Schmidt, Executive Chairman, Google Inc.; Samuel Palmisano, former Chairman, President, and CEO, IBM; Ari Emanuel, Co-Founder and Co-CEO, William Morris Endeavor; Brendan Eich, CTO and SVP, Mozilla; Dr. Irving Wladawsky-Berger, Vice President Emeritus and Consultant, IBM; and George Gilder, Founder and Partner, Gilder Technology Fund.
OTOY technologies give leading artists, animators, designers, architects, and engineers unprecedented creative freedom, transforming content creation and delivery through three groups of offerings:
OTOY’s Academy Award®-winning, next-generation visual effects pipeline for feature film, television, and advertising – A suite of technologies including LightStage™ that are advancing the art and science of visual effects, delivering new levels of realism in less time and at less cost than previous solutions. OTOY’s technology has been used in some of the biggest blockbusters on the planet, with more in the works. Virtually all effects-driven major motion pictures set to release in 2015 are making use of OTOY technology to bring unprecedented realism to the big screen.
Brigade, OTOY’s next-generation 3D rendering software for photorealistic real-time game engines – Through sophisticated software, Brigade enables real-time raytracing to deliver photorealistic graphics in video games over the cloud. Brigade is being used by some of the top game studios around the world for development of their AAA franchises.
“This round of funding enables the next phase of our business strategy: commercializing our offerings to give more businesses and users around the world a chance to experience the phenomenal impact OTOY technologies can have on their work,” said Jules Urbach, Founder and CEO, OTOY. “In its short history, OTOY has defied convention, producing dramatic advancements to core technologies and processes in the field at an astounding pace, and translating those advancements to the cloud to bring about new economies for content creators and distributors. We’re extraordinarily proud to be working with Yuri Milner and John Mack, and appreciate their advice, encouragement, and support of our vision. What we’ve done so far is just the tip of the iceberg. We have some tremendous innovations in store.”
About OTOY Inc. OTOY Inc. is the definitive cloud graphics company, pioneering technology that is redefining content creation and delivery for media and entertainment organizations around the world. OTOY’s Academy-Award® technology is used by leading visual effects studios, artists, animators, designers, architects, and engineers, providing unprecedented creative freedom, new levels of realism, and new economies in content creation and distribution powered by the cloud. For more information, visit www.otoy.com.