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Startup co-founded by 'Madagascar' director raises $25M to animate VR

SILICON VALLEY — A VR animation studio with some successful short 360-degree films under its belt has raised $25 million in new funding to develop more of them and take them global. The first short from Redwood City, California-based Baobab Studios, led by CEO Maureen Fan and co-founded by "Madagascar" director Eric Darnell, was "Invasion!" — about an alien invasion stopped by a pair of bunnies and narrated by Ethan Hawke.
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