Phil Elliott
09:34 (BST)
17/12/2008
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Image Metrics nets $6.5 million funding
Image Metrics has announced that it has completed a USD 6.5 million series B funding round, led by Saffron Hill Ventures.
The company intends to use the money to fund further research and development into its facial animation solutions, and grow its presence in the film and videogame industries.
"The company has achieved a number of milestones this year, including our work on Rockstar Games' GTA IV and a groundbreaking film project, the beta launch of our performance transfer product for the film market, the addition of several key new management team members and the establishment of our video Game and Film divisions," said Mike Starkenburg, CEO of Image Metrics.
"The infusion of new capital in this difficult financial environment validates our ongoing commitment to helping studios cost-effectively create more immersive entertainment."
And Saffron Hill Ventures' MD Ranjeet Bhatia added: "With a number of outstanding projects completed in both the videogame 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.
"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."
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