Disguise has announced new backing from global investment company The Carlyle Group, which has taken a majority stake in the company after being sold by private equity investor Livingbridge.
Unreal engine developer, Epic Games, has also secured a minority stake in the company.
As part of the sale, Michael Wand, managing director and co-head of the Carlyle Europe Technology advisory team, has joined the board of disguise.
Wand commented: “The virtual production market is forecast to grow substantially, and we believe that disguise is uniquely placed to benefit from the accelerated demand for LED-based visual experiences and capture further market share. In partnering with the disguise management team, we will look to leverage our significant expertise in scaling media technology companies as we support the company to become a global leader.”