Welcome!

Adobe Flex Authors: Matthew Lobas, PR.com Newswire, Shelly Palmer, Kevin Benedict

News Feed Item

Cloud graphics pioneer OTOY announces Series D round led by Yuri Milner

Round helps accelerate commercialization of OTOY's suite of offerings that are transforming content creation and delivery for the world's top media and entertainment companies

LOS ANGELES, Feb. 12, 2014 /PRNewswire/ -- OTOY Inc., today announced a Series D round of funding to help accelerate commercialization of the company's industry-leading cloud graphics offerings that are redefining content creation and delivery processes for media and entertainment organizations around the world. The round is led by prominent technology investor, Yuri Milner, and includes former Morgan Stanley CEO, John Mack, who join investors including Autodesk, Taylor Frigon, George Gilder and The Roddenberry Trust.

OTOY has spent the last four years putting the building blocks in place for commercialization, developing and acquiring groundbreaking technologies that dramatically improve the quality, speed, and cost of computer-generated content creation and delivery for a variety of fields, while bolstering its advisory board. The board includes Eric Schmidt, Executive Chairman, Google Inc.; Samuel Palmisano, former Chairman, President, and CEO, IBM; Ari Emanuel, Co-Founder and Co-CEO, William Morris Endeavor; Brendan Eich, CTO and SVP, Mozilla; Dr. Irving Wladawsky-Berger, Vice President Emeritus and Consultant, IBM; and George Gilder, Founder and Partner, Gilder Technology Fund.

OTOY technologies give leading artists, animators, designers, architects, and engineers unprecedented creative freedom, transforming content creation and delivery through three groups of offerings:

OTOY's Academy Award®-winning, next-generation visual effects pipeline for feature film, television, and advertising – A suite of technologies including LightStage™ that are advancing the art and science of visual effects, delivering new levels of realism in less time and at less cost than previous solutions. OTOY's technology has been used in some of the biggest blockbusters on the planet, with more in the works. Virtually all effects-driven major motion pictures set to release in 2015 are making use of OTOY technology to bring unprecedented realism to the big screen.

Octane, OTOY's suite of next-generation 3D rendering software for workstations and the cloud – With unmatched performance, superb realism, and wide-ranging platform support, OTOY enables new economics for visual effects and computer-generated graphics. Octane, OTOY's standalone rendering software, and OctaneRender™, an add-on for Autodesk and Adobe products, have been downloaded hundreds of thousands of times around the world by users looking to dramatically improve the speed and quality of their work. Octane delivers renderings that are better quality and up to 40 times faster than competing solutions. With OTOY and Autodesk supporting thin-clients over the cloud via Amazon EC2 as well as any HTML5 webpage via the ORBX™ JavaScript framework developed jointly with Mozilla, the cost of deploying professional-grade rendering technology has been dramatically reduced.

Brigade, OTOY's next-generation 3D rendering software for photorealistic real-time game engines – Through sophisticated software, Brigade enables real-time raytracing to deliver photorealistic graphics in video games over the cloud. Brigade is being used by some of the top game studios around the world for development of their AAA franchises.

"This round of funding enables the next phase of our business strategy: commercializing our offerings to give more businesses and users around the world a chance to experience the phenomenal impact OTOY technologies can have on their work," said Jules Urbach, Founder and CEO, OTOY. "In its short history, OTOY has defied convention, producing dramatic advancements to core technologies and processes in the field at an astounding pace, and translating those advancements to the cloud to bring about new economies for content creators and distributors. We're extraordinarily proud to be working with Yuri Milner and John Mack, and appreciate their advice, encouragement, and support of our vision. What we've done so far is just the tip of the iceberg. We have some tremendous innovations in store."

About OTOY Inc.
OTOY Inc. is the definitive cloud graphics company, pioneering technology that is redefining content creation and delivery for media and entertainment organizations around the world. OTOY's Academy-Award® technology is used by leading visual effects studios, artists, animators, designers, architects, and engineers, providing unprecedented creative freedom, new levels of realism, and new economies in content creation and distribution powered by the cloud. For more information, visit www.otoy.com.

Additional Resources:

  • Read more about OTOY's management team here.
  • Read more about OTOY's advisory board here.
  • Read more on the OTOY blog.
  • Follow OTOY on Facebook and Twitter.
  • Download the OTOY logo here.
  • Get more images rendered using OTOY software here.

(Logo: http://photos.prnewswire.com/prnh/20131218/NY35773LOGO)

SOURCE OTOY Inc.

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

@ThingsExpo Stories
"We provide IoT solutions. We provide the most compatible solutions for many applications. Our solutions are industry agnostic and also protocol agnostic," explained Richard Han, Head of Sales and Marketing and Engineering at Systena America, in this SYS-CON.tv interview at @ThingsExpo, held June 6-8, 2017, at the Javits Center in New York City, NY.
SYS-CON Events announced today that Calligo, an innovative cloud service provider offering mid-sized companies the highest levels of data privacy and security, has been named "Bronze Sponsor" of SYS-CON's 21st International Cloud Expo ®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Calligo offers unparalleled application performance guarantees, commercial flexibility and a personalised support service from its globally located cloud plat...
Internet of @ThingsExpo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 21st Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago. All major researchers estimate there will be tens of billions devic...
"The Striim platform is a full end-to-end streaming integration and analytics platform that is middleware that covers a lot of different use cases," explained Steve Wilkes, Founder and CTO at Striim, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
SYS-CON Events announced today that DXWorldExpo has been named “Global Sponsor” of SYS-CON's 21st International Cloud Expo, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Digital Transformation is the key issue driving the global enterprise IT business. Digital Transformation is most prominent among Global 2000 enterprises and government institutions.
SYS-CON Events announced today that Datera, that offers a radically new data management architecture, has been named "Exhibitor" of SYS-CON's 21st International Cloud Expo ®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Datera is transforming the traditional datacenter model through modern cloud simplicity. The technology industry is at another major inflection point. The rise of mobile, the Internet of Things, data storage and Big...
"We've been engaging with a lot of customers including Panasonic, we've been involved with Cisco and now we're working with the U.S. government - the Department of Homeland Security," explained Peter Jung, Chief Product Officer at Pulzze Systems, in this SYS-CON.tv interview at @ThingsExpo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"We are focused on SAP running in the clouds, to make this super easy because we believe in the tremendous value of those powerful worlds - SAP and the cloud," explained Frank Stienhans, CTO of Ocean9, Inc., in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
DX World EXPO, LLC., a Lighthouse Point, Florida-based startup trade show producer and the creator of "DXWorldEXPO® - Digital Transformation Conference & Expo" has announced its executive management team. The team is headed by Levent Selamoglu, who has been named CEO. "Now is the time for a truly global DX event, to bring together the leading minds from the technology world in a conversation about Digital Transformation," he said in making the announcement.
"MobiDev is a Ukraine-based software development company. We do mobile development, and we're specialists in that. But we do full stack software development for entrepreneurs, for emerging companies, and for enterprise ventures," explained Alan Winters, U.S. Head of Business Development at MobiDev, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
While the focus and objectives of IoT initiatives are many and diverse, they all share a few common attributes, and one of those is the network. Commonly, that network includes the Internet, over which there isn't any real control for performance and availability. Or is there? The current state of the art for Big Data analytics, as applied to network telemetry, offers new opportunities for improving and assuring operational integrity. In his session at @ThingsExpo, Jim Frey, Vice President of S...
SYS-CON Events announced today that DXWorldExpo has been named “Global Sponsor” of SYS-CON's 21st International Cloud Expo, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Digital Transformation is the key issue driving the global enterprise IT business. Digital Transformation is most prominent among Global 2000 enterprises and government institutions.
In his opening keynote at 20th Cloud Expo, Michael Maximilien, Research Scientist, Architect, and Engineer at IBM, discussed the full potential of the cloud and social data requires artificial intelligence. By mixing Cloud Foundry and the rich set of Watson services, IBM's Bluemix is the best cloud operating system for enterprises today, providing rapid development and deployment of applications that can take advantage of the rich catalog of Watson services to help drive insights from the vast t...
SYS-CON Events announced today that EnterpriseTech has been named “Media Sponsor” of SYS-CON's 21st International Cloud Expo, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. EnterpriseTech is a professional resource for news and intelligence covering the migration of high-end technologies into the enterprise and business-IT industry, with a special focus on high-tech solutions in new product development, workload management, increased effic...
SYS-CON Events announced today that Massive Networks, that helps your business operate seamlessly with fast, reliable, and secure internet and network solutions, has been named "Exhibitor" of SYS-CON's 21st International Cloud Expo ®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. As a premier telecommunications provider, Massive Networks is headquartered out of Louisville, Colorado. With years of experience under their belt, their team of...
SYS-CON Events announced today that Cloud Academy named "Bronze Sponsor" of 21st International Cloud Expo which will take place October 31 - November 2, 2017 at the Santa Clara Convention Center in Santa Clara, CA. Cloud Academy is the industry’s most innovative, vendor-neutral cloud technology training platform. Cloud Academy provides continuous learning solutions for individuals and enterprise teams for Amazon Web Services, Microsoft Azure, Google Cloud Platform, and the most popular cloud com...
SYS-CON Events announced today that Cloudistics, an on-premises cloud computing company, has been named “Bronze Sponsor” of SYS-CON's 21st International Cloud Expo, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Cloudistics delivers a complete public cloud experience with composable on-premises infrastructures to medium and large enterprises. Its software-defined technology natively converges network, storage, compute, virtualization, and ...
SYS-CON Events announced today that CHEETAH Training & Innovation will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct. 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. CHEETAH Training & Innovation is a cloud consulting and IT training firm specializing in improving clients cloud strategies and infrastructures for medium to large companies.
SYS-CON Events announced today that Datanami has been named “Media Sponsor” of SYS-CON's 21st International Cloud Expo, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Datanami is a communication channel dedicated to providing insight, analysis and up-to-the-minute information about emerging trends and solutions in Big Data. The publication sheds light on all cutting-edge technologies including networking, storage and applications, and thei...
The current age of digital transformation means that IT organizations must adapt their toolset to cover all digital experiences, beyond just the end users’. Today’s businesses can no longer focus solely on the digital interactions they manage with employees or customers; they must now contend with non-traditional factors. Whether it's the power of brand to make or break a company, the need to monitor across all locations 24/7, or the ability to proactively resolve issues, companies must adapt to...