Disney invests $65 million in virtual-reality startup Jaunt

Entertainment titan Disney seems to think that virtual reality is ready for the mass market.

The stream of cash flowing into virtual-reality startups just got a boost, and this time it’s for a camera maker whose technology could help change the movie industry.

Jaunt, a Palo Alto, California, startup that makes cameras that can shoot video in 360 degrees, has received a $65 million investment by the Walt Disney Co. and other media-focused investors in Europe and China. All told, the startup, which makes hardware and software for virtual reality, has now raised more than $100 million since it was founded two years ago. The company says that makes it the best-funded player in the emerging field of “cinematic” virtual reality.

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Jaunt will use the influx of cash to “greatly increase production” and advance its camera hardware and software tools, the company said in a press release.

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