Pulse Gets $35M Jump Start
Pulse Entertainment has received US$35 million in private equity funding led by Softbank Venture Capital, and others like Time Warners Web destination Entertaindom and Autodesk Inc. As part of the deal, exclusive content will be provided by Pulse for Entertaindom. "We cant release the names yet, but we have at least two shows in production," said Pulse CEO Fred Angelopoulos. However, the shows will come from Entertaindoms access to the Warner Bros. portfolio of characters. Currently, Pulse produces a 3D Webtoon based on the Looney Toons character Marvin the Martian. Warner Bros. executive VP new media, Kevin Tsujihara, told the HOLLYWOOD REPORTER that the investment "reflects Entertaindoms belief in Pulse as one of the best-of-breed enabling platform for new forms of on-line interactive content." Angelopoulos also said, "One of the great things about this investment round is that it gives us a chance to take this company to the next level and removes the pressure of having to do an IPO. We will do that when the time is right." Currently, the San Francisco-based 3D Web animation company employs 45 people. It gives both its Pulse Player and Pulse Creator software to Net surfers and producers for free.