Where does your enterprise stand on the AI adoption curve? Take our AI survey to find out.
Image Metrics said it has sold off the Faceware professional facial animation software to a new spin-off company Faceware Technologies.
Santa Monica-based Image Metrics developed the Faceware technology to create realistic human faces for movies, animations and video games. The technology has been successfully used in a wide range of entertainment, from Assassin’s Creed II to Red Dead Redemption.
Now Image Metrics will focus on delivering products based on its consumer animation and facial recognition technologies such as PortableYou, an app for adding 3D avatars to web sites, and the digital comic book Zombie Wars, where you can put your own face into an animated character.
Faceware Technologies will focus on selling technology to professional animators. Financial details were not disclosed.
“This transaction is a great opportunity for both Image Metrics and Faceware Technologies because each company can focus on delivering exceptional products and services to its target customers and enable both companies to unlock faster growth potential in each market,” said Robert Gehorsam, chief executive of Image Metrics.
Ron Ryder, currently chief financial officer and chief operating officer of Image Metrics, will lead FTI during a transitional period.
“There will be no interruption to the pace of innovation in the product line during 2012 and beyond,” Ryder said.
Image Metrics was founded in 2000. The company has raised more than $14 million to date.
GamesBeatGamesBeat's creed when covering the game industry is "where passion meets business." What does this mean? We want to tell you how the news matters to you -- not just as a decision-maker at a game studio, but also as a fan of games. Whether you read our articles, listen to our podcasts, or watch our videos, GamesBeat will help you learn about the industry and enjoy engaging with it. How will you do that? Membership includes access to:
- Newsletters, such as DeanBeat
- The wonderful, educational, and fun speakers at our events
- Networking opportunities
- Special members-only interviews, chats, and "open office" events with GamesBeat staff
- Chatting with community members, GamesBeat staff, and other guests in our Discord
- And maybe even a fun prize or two
- Introductions to like-minded parties