Jaunt Finds $65M To Open VR Studio In Los Angeles

Jaunt, a developer of cinematic, virtual reality hardware and software, said this morning that it has opened up a new, virtual reality studio in Los Angeles, after receiving $65M in a Series C funding. The funding came from Burbank-based The Walt Disney Company, Evolution Media Partners--the investment joint venture which involves the CAA's Evolution Media Capital, TPG Growth and Participant Media--and China Media Capital (CMC), along with ProSiebenSat.1 SE, Axel Springer SE, The Madison Square Garden Company plus Google Ventures, Highland Capital, Redpoint Ventures, Sky and SV Angel. Jaunt specifically said the funding goes to help with the opening of a new location in Los Angeles, which will serve as a virtual reality studio for the company. More information »