Wonder Dynamics, an AI tools creation startup for film and metaverse founded by Ready Player One Star Tye Sheridan, raises $ 9 million in Series A led by Horizons Ventures and Epic Games, Samsung Next, Founders Fund | Business and finance
LOS ANGELES – (BUSINESS WIRE) – Dec. 10 2021–
Dynamics of wonders, a startup developing AI-powered production tools, today announced it has raised $ 9 million in what it called a “highly strategic” Series A cycle. Funding was led by Horizons Ventures with participation from Epic Games and Samsung Next.
Ready Player One actor Tye Sheridan’s startup Wonder Dynamics is developing AI technology for film and metaverse. (Photo credit: Warner Bros.)
Existing backers Founders Fund and MaC Venture Capital returned to participate in the round, bringing the total amount of Wonder Dynamics raised over the past eight months to $ 11.5 million, including their funding round of 2. , $ 5 million announced earlier this year.
âWe are very excited to lead this cycle for Wonder Dynamics to support Nikola and Tye’s vision,â said Jonathan Tam of Horizons Ventures. “Wonder Dynamics’ AI-powered platform will dramatically improve the costs and speed of multimedia production and post-production, but more importantly, it will allow creators to explore and generate new digital experiences. than we could ever have imagined. “
The funds will be used to expand the team of machine learning engineers and CG artists to accelerate the development of Wonder AI Suite – an AI-powered, cloud-based content creation platform. The platform’s foundation is designed to bring blockbuster-level visual effects to creators of all skill levels, but the potential of its applications extends far beyond visual effects.
âAs we deepened our development, we knew it could be more than just visual effects software,â said Tye Sheridan, co-founder and president of Wonder Dynamics. âOur platform can be used for film and television, but also for video games, social media content and even metaverse. This is why we were so excited to be part of this. cycle of strategic partners like Epic Games and Samsung, which are leaders in these areas.
âWe are excited about Wonder Dynamics’ innovative approach to content creation that both empowers business users and democratizes the creation of high quality content for a wider group of artists,â said Vlad Mastilovic, Vice President, Digital Humans Technology at Epic Games. “We look forward to deepening our relationship with Wonder Dynamics and exploring ways to collaborate through our Digital Humans efforts.”
Wonder Dynamics has kept details of what they primarily develop a secret, but they have shared that they plan to reveal their technology to the public during SXSW 2022. The platform is slated to launch in 2022.
Joe Russo, Avengers: Endgame The director, who is part of an already impressive advisory board, shared his enthusiasm for the technology and the new partners: âPersonally, I can’t wait to see how this technology will impact the future of filmmakers. It’s incredibly exciting and there are so many opportunities on the horizon. I am happy to support the Wonder Dynamics team in their mission to put artists first and to do so by surrounding themselves with investment partners who share the same interests.
Wonder Dynamics’ advisory board includes Joshua Baer (Founder and CEO – Capital Factory), Terry Dougas (Rhea Films), Angjoo Kanazawa (Assistant Prof. Berkeley, Research Scientist at Google), Joe Russo (Director, Avengers: Endgame ), Robert Schwab (private equity investor), Steven Spielberg (director, producer), Antonio Torralba (head of AI and decision-making at MIT) and Gregory Trattner (president, Film Finances Inc.).
“We strongly believe that art should not be dependent on socioeconomic status. AI and machine learning are tools that can bring us closer to making storytelling accessible to all,” said Nikola Todorovic, co-founder and CEO by Wonder Dynamics. “The future of art that we at Wonder Dynamics want to be a part of is that of empowered artists – and that future is upon us.”
CONTACT: Nikola Todorovic
KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA
INDUSTRY KEYWORD: ENTERTAINMENT SOFTWARE FILM AND CINEMATIC IMAGES SOCIAL MEDIA TECHNOLOGY GENERAL ENTERTAINMENT CELEBRITY OTHER ENTERTAINMENT TV AND RADIO PHOTOGRAPHY AUDIO / VIDEO COMMUNICATIONS OTHER TECHNOLOGY
Copyright Business Wire 2021.
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Copyright Business Wire 2021.