The giant of 3D tools, Autodesk, has announced the acquisition of Wonder Dynamics, a startup that uses AI-powered image analysis to enable designers to swiftly and simply create complex figures and visual effects.
Diana Colella, Executive Vice President of Media & Entertainment at Autodesk confirmed the acquisition in a press release seen by Newsng on Wednesday.
Wonder Dynamics, well-known for its cloud-based Wonder Studio 3D animation and visual effects programme, combines artificial intelligence (AI) with conventional tools to optimise the animation process.
The acquisition, the terms of which were undisclosed, is expected to expand Autodesk’s Media & Entertainment offering by giving creators easier access to VFX and facilitating the seamless integration of 3D animated characters into live-action sequences.
“Bringing Wonder Dynamics into the Autodesk Media & Entertainment portfolio extends our history of empowering artists with innovative and accessible solutions that break down barriers to entry,” said Diana.
“In the 1990s, we helped artists learn how to use computers to create 3D graphics, leading to the industry we see today, and Wonder Dynamics is our next step on that journey.
“By embracing emerging technology, we want to help teams and creators of all sizes and skill levels create more content more easily, so everyone has the power to bring their inspiring stories to life,” Diana noted.
Newsng gathered that Wonder Dynamics joined Autodesk’s ecosystem as part of a calculated effort to link processes, data, and teams via Flow, their industrial cloud platform.
This acquisition is consistent with Autodesk’s application of AI to creative problems in a range of sectors.
Wonder Dynamics President and Co-Founder Tye Sheridan highlighted these ideas, pointing out that the collaboration has the potential to democratise narrative for artists all around the world.
“As an artist myself, I’m extremely grateful to make movies for a living, and we’ve always wanted to help other artists realize the same dream – regardless of their location, social status, or budget,” Tyle noted.
Both businesses voiced optimism regarding the advantages of their partnership. But Autodesk has issued a warning: buying decisions shouldn’t be made only based on forward-looking claims about the expected benefits of the acquisition.
We previously announced that HashiCorp Inc. and IBM, leading companies in multi-cloud infrastructure automation, have entered into a definitive agreement.
IBM stated in a release seen by Newsng that it plans to acquire HashiCorp for $35 per share in cash as part of a deal that has a $6.4 billion enterprise value, net of cash.
