CPE News (4/13/2020) – Ziva Dynamics has raised US $7 million in seed funding led by Grishin Robotics, Toyota AI Ventures and Millennium Technology Value Partners’ New Horizons Fund and with participation of private investors.
Dmitry Grishin, founding partner at Grishin Robotics, will join Ziva board of directors.
The financing, closed in tranches, was oversubscribed.
Vancouver based Ziva Dynamics will be use funding to make key hires, advance development on Ziva’s real-time digital character engine, and radically expand the company’s sales and marketing capabilities.
Founded by James F. Jacobs and Jernej Barbič in April 2015, Ziva Dynamics is a leading virtual character software company. Ziva’s technology is used by leading film, entertainment, retail and consumer brand companies around the world.
Ziva previously raised $2 million in royalty financing from TIMIA Capital Corporation (TSX-V: TCA) in 2018.
photo credit: Ziva
Ziva Dynamics Raises $7M Seed Round to Bring Lifelike Characters to Major Game Titles
Investment to Double Staff and Expand R&D for “Game of Thrones” Character Tech; Collaborating on New Console Game
May 12, 2020 11:30 AM Eastern Daylight Time
VANCOUVER, British Columbia–(BUSINESS WIRE)–Ziva Dynamics, creators of Hollywood’s most advanced character simulation software, today announced the completion of a $7 million seed round led by Grishin Robotics, Toyota AI Ventures and Millennium Technology Value Partners’ New Horizons Fund. The funding will be used to make key hires, advance development on Ziva’s real-time digital character engine, and radically expand the company’s sales and marketing capabilities.
The brainchild of Academy Award winner James Jacobs and USC Associate Professor of Computer Science Jernej Barbic, Ziva’s character authoring tool has already been used by over 100 studios on titles such as Game of Thrones, The Meg and Captain Marvel. This technology is fundamentally changing the character creation process by bringing physics-embedded soft tissue simulation to the forefront of the media and entertainment industry. With Ziva, artists are rapidly producing CG characters with dynamic muscles, fat and skin that automatically flex, wrinkle and jiggle just as they would in real life.
The investment has already enabled Ziva to bring in strong new talent to accelerate software development and R&D, and increase adoption by AAA game studios and Fortune 500 clients. Ziva’s open architecture (ZOA) and real-time platforms, which are scheduled for public release later this year, will empower real-time characters to contend with their offline film counterparts.
“The video game industry is set to reach over $300 billion by 2025 and console games, the fastest-growing game category, made over $47.9 billion in 2019 alone. We’re proud to be delivering on major titles for next-gen console games already,” said James Jacobs and Jernej Barbic, co-founders of Ziva Dynamics. “Our biomechanics, soft tissue and machine learning technologies are finally intersecting with the optimization of game consoles, enabling us to introduce the highest-quality characters to a space that is constantly pushing for better, faster results. With our new partners and funding, we’ll be able to double our R&D spend, accelerate productization and play a defining role in the most advanced graphics experiences.”
“James and Jernej are making a big impact on the film industry with their cutting-edge 3D character technology,” said Dmitry Grishin, founding partner at Grishin Robotics. “We are big believers in the convergence of film, animation and online gaming content and are very excited to partner with Ziva in building industry-standard character creation software for the rapidly growing digital entertainment universe.”
About Ziva Dynamics
Ziva Dynamics is the world’s leading virtual character software company. Ziva’s physics computation and simulation platform, coupled with standardized character assets, offer groundbreaking solutions for creating high-quality virtual humans and creatures, and designing lifelike digital experiences. Founded in 2015, Ziva’s technology is used by leading film, entertainment, retail and consumer brand companies around the world. For more information about Ziva Dynamics, please visit: www.zivadynamics.com.
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