Bangalore based VenSat, a provider of animation, visual effects, motion comics and 2D/3D conversion services and best known for visual effects (VFX) for the 2010 motion picture releases, ‘DABANGG’ and some of the complex VFX sequences for ROBOT has raised $10mn from Indo-US Venture Partners.
The fund will be used for expansion in US market, where the company recently started its media and entertainment entity.
The company recently delivered a full-length animated motion picture for a major European entertainment group and all VFX for ‘LAND OF THE ASTRONAUTS’ for Studio Cineville, in the U.S., which was premiered and showcased at the Montreal Film Festival and at the recently concluded Mumbai Film Festival. Further, VenSat is currently among the handful of Indian studios already doing 2D/3D conversion work for major U.S. theatrical features.
VenSat America will serve as the Company’s lead to the US motion picture, television, home entertainment, gaming, theme park, and mobile entertainment industries, and will develop and set up innovative co-production structures and deals linked to VenSat’s animation, VFX, and 2D-to-3D conversion services.