Baobab Studios aims to tell animated stories in VR, with $6M in funding

Baobab Studios has raised $6 million as part of its plan to usher in a new era of virtual reality animated stories. The funding shows that VR is becoming a new entertainment medium that blends the film, tech, and gaming industries.

The Redwood City, Calif.-based company is a new kind of film studio, backed by heavy hitters such as HTC, Samsung Ventures, Zynga cofounder Mark Pincus, PayPal cofounder Peter Thiel, Advancit Capital, Chernin Group, and Freelands Ventures.