3D Converter Company Behind Smurfs, Hugo Raises $19 Million

Legend3D has closed a $19 million Series E Preferred Stock offering. The proceeds will fund ongoing R&D efforts to enhance Legend3D’s proprietary 3D conversion pipeline, and additionally, enable the company to forge partnerships with content owners on 3D film and television projects. The financing was led by Northwater Capital Management, along with PAR Investment Partners and Augustus Ventures, who had invested in Legend3D earlier.

Legend3D uses a proprietary 2D-to-3D conversion process. Legend3D’s streamlined conversion process has been utilized for Hollywood blockbusters such as Hugo, Transformers: Dark of the Moon, Pirates of the Caribbean: On Stranger Tides, Green Lantern, and The Smurfs.

Just in

Apple deletes WhatsApp, Threads from China app store on orders from Beijing — CNN

Apple has removed WhatsApp and Threads from its app store in China, following an order from the country’s internet watchdog, writes Juliana Liu.

Singtel, Vonage partner to integrate Paragon platform

Singtel has announced a partnership with Vonage, a cloud communications company and subsidiary of Ericsson, to help enterprises and telcos innovate and scale their services through Singtel's orchestration platform, Paragon. 

Tech giants urge EU to prioritize digital competitiveness and infrastructure investment

Five major technology companies - Ericsson, IBM, Intel, Nokia, and Vodafone - called on European policymakers to take urgent action to boost Europe's digital competitiveness and keep it a priority for the incoming European Commission.