Image Metrics receives $6.5 million of funding
Wednesday, 17th December 2008 at 11:50 am
Facial animation firm to improve technology, service offerings and newly formed divisions
Image Metrics has completed a $6.5 million Series B round of funding led by the company’s original investors Saffron Hill Ventures.
Image Metrics plans to use the funds to develop new technologies and service offerings designed to increase the quality and cost-effectiveness of its output.
“With a number of outstanding projects completed in both the video game and film industries this year, Image Metrics has proven that its proprietary solutions meet the growing need within the entertainment industry for high-quality facial animation,” said Ranjeet Bhatia, managing director of Saffron Hill Ventures. “Given the Company’s track record of success, Saffron Hill Ventures is pleased to lead Image Metrics’ Series B round to support the evolution of its innovative business.”
As well as dedicating a portion of the funds to research and development, Image Metrics will also use the money to ‘execute industry-focused plans’ for its newly formed game and film divisions.
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