Spire Animation Studios raises round from Temasek for animated films
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Spire Animation Studios announced it raised a round of funding from Singapore-based global investment company Temasek and investment firm Ericsenz.
Spire said the round would help it grow its efforts to make new kinds of films with game engine tools — and create metaverse experiences. The amount of the round wasn’t disclosed, but Spire has now raised more than $40 million to date.
The new funding supplements Spire’s previous financing 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 enables Spire to continue building out the team, tools, real-time pipeline, and cloud-first infrastructure needed to produce the highest quality animated feature films with stronger collaboration and greater efficiency. The next-generation film studio will also simultaneously create worlds and experiences for the metaverse through Epic’s Unreal Engine.
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Spire plans to produce top-quality animated feature films with metaverse potential. The studio will also create immersive worlds designed for interactive platforms that build on their existing stories and enable fans to authentically engage.
The studio’s real-time pipeline developed using Epic’s Unreal Engine is at the heart of these newfangled experiences for the metaverse and other interactive mediums, including games, virtual reality, and
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