Disney invests $65 million in virtual-reality startup Jaunt

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

jaunt large
jaunt large

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.

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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