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September 22, 2015

Disney leads $65m funding into virtual reality startup Jaunt

Jaunt is advancing the scope of cinematic virtual reality.

By CBR Staff Writer

Virtual reality (VR) startup Jaunt has raised $65m from several media companies, bringing its total funding to more than $100m.

The investors in series C round include the Walt Disney Company, ProSiebenSat.1, Axel Springer, the Madison Square Garden Company, China Media Capital, and Evolution Media Partners.

Google Ventures, Highland Capital, Redpoint Ventures, Sky and SV Angel have already invested in Jaunt.

Jaunt will use the money to expand its VR production and enhance its camera hardware and software tools.

The company is also planning to expand staffing at its Palo Alto headquarters in California and a new Los Angeles (LA) studio.

Jaunt CEO and co-founder Jens Christensen said: "This round further illustrates our commitment and dedication to advancing the scope of cinematic VR – for filmmakers, storytellers, and audiences alike.

"With the support of these world-class companies, we will explore new avenues, building on our leadership position to deliver amazing VR experiences using best-in-class tools, technology, and creative teams."

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Jaunt is partnering with various content creators as well as technology and media firms for taking VR to the next level.

The company has recently announced 5th generation patentpending camera system, dubbed Jaunt ONE,

Earlier this year, the company announced Jaunt Studios, a new unit which will develop, produce and collaborate on live-action VR experiences from its LA studio.

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