202303 Oct

RKKVC and Level2 Ventures invest in Move AI during $10M seed round

Summary

RKKVC and Level2 Ventures invest in Move AI during $10M seed roundMove AI, a platform that enables creating 3D animations from human movement, has raised a $10 million seed round with participation from the Polish investor RKKVC, as well as Play Ventures, Warner Music Group, and Animoca Brands. The company makes it easy to animate characters by turning 2D video into 3D motion data with its proprietary technology that uses advanced AI, computer vision, biomechanics, and physics technology previously only available to major studios So far, the company has made significant progress in developing and scaling its motion capture products. We are excited to use this funding round to double down on our efforts to reduce the cost of 3D animation and make it more accessible to creators, Among the companys investors are Play Ventures, a VC firm that invests globally in games and game services startups, Warner Music Group, a global music entertainment company, and Animoca Brands, a Hong Kong-based game software company and VC firm. RKKVC, a Warsaw-based family office venture capital fund, participated the round as a follow-on investor. In this deal, we also created a syndicate of investors consisting of great business angels, with whom we are trying to develop an ecosystem of international investments in RKKVC I still believe that the best companies will always find financing :) This fresh funds strengthens Move AIs leadership position in markerless motion capture and advances its products to digitise human motion.

Source: Ain

Funding

$10M
Amount
Oct 03 2023
Date
-
Investor
move.ai
Company

Classifications

Companies