Virtual reality animation startup Penrose Studios has closed a $10 million round of Series A funding.
Led by Translink Capital, the funding includes the participation of musician Will.i.am, Salesforce CEO Marc Benioff, Korea Telecom, and Co-Made. Returning investors from the Seed round of funding include Sway Ventures, 8VC, and Suffolk Equity. In that earlier round, the studio raised $8.5 million.
Penrose, founded in 2015, is one of the key studios that has been exploring narrative-driven animated projects in virtual reality, and has gained critical attention for its projects like Arden’s Wake and Allumette. The trailer for its most recent, Arden’s Wake: Tide’s Fall, can be viewed below: