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DNEG Raises $200M From Abu-Dhabi Investment Firm United Al Saqer Group To Accelerate AI Drive
DNEG Raises $200M From Abu-Dhabi Investment Firm United Al Saqer Group To Accelerate AI Drive
The company, which has previously specialized in VFX and animation, said the new funds would be used to accelerate its strategy of innovation and diversification and plan to become a sector-agnostic content production and AI-powered technology partner. Next steps in this strategy will be the full activation of technology division Brahma, which is developing an AI-powered, photo-real CGI creator, including Ziva, for which DNEG recently acquired the exclusive license from Unity. We are redefining our business model as a leader in top-end solutions across the world, raising the bar in storytelling by using the latest technology and creative capabilities,” said DNEG Chairman and CEO Namit Malhotra.
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