Spire Animation Studios raises money from Temasek for animated films
Summary
The rounds amount has not been disclosed, but Spire has raised more than $40 million to date.The new funding complements Spires previous funding led by Epic Games along with existing investor Connect Ventures, an investment partnership formed by Creative Artists Agency (CAA) and New Enterprise Associates (NEA).The investment will enable Spire to continue to build the team, tools, real-time pipeline and cloud-first infrastructure needed to produce the highest quality animated films with stronger collaboration and greater efficiency. The studio will also create immersive worlds designed for interactive platforms that build on their existing stories and allow fans to engage authentically.The studios real-time pipeline, developed using Epics Unreal Engine, is at the heart of these newfangled experiences for the metaverse and other interactive media, including games, virtual reality and augmented reality.Adding Temasek to our existing line of outstanding partners Epic Games, CAA and NEA will help us realize our vision of bridging feature-quality linear and non-linear animated content. We couldnt be more excited about this potential.The first Spire animated feature to use this innovative technology and distribution model is Trouble, in collaboration with Danny McBrides Rough House Pictures. And Temasek has a long-term investment window and a history of supporting disruptive companies worldwide.The GamesBeat credo when talking about the game industry, is where passion and business meet. Whether youre reading our articles, listening to our podcasts, or watching our videos, GamesBeat helps you learn and have fun with the industry.