Russia’s premiere tech investor funds a cloud graphics company Otoy

Cloud-graphics company Otoy has raised a fourth round of funding from Russian tech investor Yuri Milner, the man who invested in Facebook and Zynga, as well as former Morgan Stanley chief executive John Mack.

The Los Angeles-based company started out in cloud gaming, but it shifted its focus to using the web-connected data centers, or a cloud, to host the tools for making digital entertainment from movies to games. Otoy’s technology has become a key ingredient in creating 3D content from movies and games, and it is now a mainstay in Hollywood visual effects pipelines. It enables creators to build ultrarealistic computer-generated characters and environments without having a supercomputer at their desk.