Tampa-based Vu Technologies closed on a $17 million seed investment from a number of investors in Tampa, Orlando and Texas, the company announced Tuesday.
This latest round of funding came from ADX Labs, Topmark Partners and other Angel investment groups, and will help the digital studio firm expand its existing virtual network in Tampa, Nashville and Vegas, according to a news release.
“Vu Technologies is on a mission to create the world’s largest network of virtual production studios for the film, television, and advertising industries,” said Tim Moore, Vu Technologies co-founder and CEO in a statement. “With our fully immersive, photorealistic virtual environments, we are empowering world-class directors and talent to shoot scenes as if they are on-location anywhere. Thanks to our investors, Vu’s network will forever change the filmmaking landscape, presenting limitless opportunities for creatives.”
The fast-growing digital video production company opened its largest studio yet, a 40,000-square-foot facility in Las Vegas, last month. The studio dwarfs Vu’s 16,000-square-foot Nashville studio, which opened in January, and surpassed its 35,000-square-foot Tampa home base in the former University Mall.
The company, which spun off from Tampa’s Diamond View Studios in 2021, plans to open an array of digital volumes around the country this year, including another in Orlando.