International legal practice Osborne Clarke has advised Cubic Motion, the award-winning creator of advanced computer vision for digital entertainment, on its significant investment by NorthEdge Capital. NorthEdge Capital manages £540m of private equity funds and typically invests between £5m-£45m.
With a strong track record of 100% year-on-year revenue growth, Cubic Motion will use the investment to further deploy and productise its core animation business, drive forward its extensive IP portfolio and expand internationally. The partnership also provides growth capital to accelerate the deployment of real-time facial animation technologies.
Cubic Motion’s vision technology is currently best known for its use in high fidelity facial animation, where the company is recognised as a global market leader. Cubic Motion has created advanced digital content for a range of prominent video game publishers including Activision, Epic, EA, Ninja Theory and Sony. Critically acclaimed titles such as Call of Duty, Hellblade and Squadron 42 (Star Citizen).
Cubic Motion’s technology is particularly suited to real-time applications in social virtual reality, gaming and film production. Recent live demonstrations such as real-time “Meet Mike” at SIGGRAPH 2017, in collaboration with Unreal Engine and 3Lateral are regarded as state-of-the-art in real-time digital humans.
The Osborne Clarke corporate team who advised on the transaction were Partner Matthew Bodfield, Associate Director Mark Saunders, Senior Associate Tian Tang and Associate John Jarvis. Associate Kirsten Banks advised on corporate tax matters.
Osborne Clarke’s corporate team are considered a go-to practice for many in the tech, media and comms sector, working with leading global businesses, fast-growth start-ups and market challengers. The team advises at every stage of company development across all corporate issues, from equity and debt fundraisings to M&A, IPOs and JVs.