Filmustage, a digital platform that streamlines pre-production for film, has raised $550,000 in a funding round backed by Flyer One Ventures, Geek Ventures, Imaguru and Vesna Capital. The money will be used to translate the product into languages including Spanish, French and German as part of an international expansion commencing this summer. Next year the company plans to add Hindi and Chinese. Founded in 2020, Filmustage software automates script breakdowns, categorizing scenes and tagging elements like costumes, props, characters and locations. Company co-founder and CEO Egor Dubrovsky said more than 30 features have been added since launch. Continue reading Filmustage Software Uses AI to Automate Script Breakdowns

Japan is on track to become a virtual reality powerhouse, largely due to the imminent release of Sony PlayStation VR. Mixed-reality theme parks, VRcades, augmented reality, and VR retail applications are all gaining traction. Gumi, GREE and Colopl, which has made about 30 VR investments, are a few of the major domestic VR investors. One VR startup, FOVE, a pioneer in eye tracking, has already raised $11 million; its chief executive Yuka has been featured in Forbes and SoftBank’s Taizo Son, chairman/founder of mobile gaming company GungHo, is one of its investors.

Continue reading Japan Emerges as Hub for Virtual Reality Culture, Innovations