DGene, a Shanghai, China-based content creation building tool to expand creativity and redefine virtual production and immersive entertainment, raised $20 million in a Series A funding round led by Alibaba Group.
With this funding, DGene will continue to invest in its products and collaborate with leaders in entertainment.
Company: DGene Inc.
Raised: $20.0M
Round: Series A
Funding Month: November 2021
Lead Investors: Alibaba Group
Additional Investors:
Company Website: https://www.us1.dgene.com/
Software Category: AI Tools for Content Creation and the Metaverse
About the Company: Co-founded by three computer science experts: Jingyi Yu, dean of the School of Information and Technology at Shanghai Tech University, Jason Yang, former GPU Performance Engineering and Research manager at Advanced Micro Devices (AMD), and Yi Ma, Berkeley Electrical Engineering and Computer Sciences (EECS) professor, DGene is a content creation company researching and developing advanced artificial intelligence (AI) solutions to expand creativity and redefine virtual production and immersive entertainment. Real-world applications for DGene’s technology include film and television content creation, entertainment, experiential marketing, concerts, sporting events, games, e-commerce, and education. DGene operates its U.S. headquarters from San Jose, California, with a team located in Los Angeles. Founded in Shanghai, China, the company has grown its team in the U.S., and now also manages its volumetric capture stage in Baton Rouge, Louisiana.
Source: https://www.finsmes.com/2021/11/dgene-raises-20m-in-series-a-funding.html