OTOY announces Series D round led by Yuri Milner
Topics: Company News
Feb. 12, 2014 (11 years)
Round helps accelerate commercialization of OTOY’s suite of offerings that are transforming content creation and delivery for the world’s top media and entertainment companies
LOS ANGELES, Calif. – February 12, 2014 – 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.
Octane, OTOY’s suite of next-generation 3D rendering software for workstations and the cloud – With unmatched performance, superb realism, and wide-ranging platform support, OTOY enables new economics for visual effects and computer-generated graphics. Octane, OTOY’s standalone rendering software, and OctaneRender™, an add-on for Autodesk and Adobe products, have been downloaded hundreds of thousands of times around the world by users looking to dramatically improve the speed and quality of their work. Octane delivers renderings that are better quality and up to 40 times faster than competing solutions. With OTOY and Autodesk supporting thin-clients over the cloud via Amazon EC2 as well as any HTML5 webpage via the ORBX™ JavaScript framework developed jointly with Mozilla, the cost of deploying professional-grade rendering technology has been dramatically reduced.
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®-winning 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 home.otoy.com.
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