Toronto-based early-stage venture capital firm Two Small Fish also participated in the round. Viggle said it will use the money to further develop its offerings and hire more staff. (The Logic)

Talking point: Viggle app users can add actions or motions to characters using reference videos or text instructions. The animation comes from the startup’s own video-generation model, JST-1. The technology went viral in April, when a user superimposed Joaquin Phoenix’s Joker character on a video of the rapper Lil Yachty dancing out onto a festival stage. Viggle CEO Hang Chu worked on a doctorate in computer vision at the University of Toronto, under Waabi CEO Raquel Urtasun and Nvidia executive Sanja Fidler. Generative AI can be an expensive business—firms need a lot of data and computing power to train their models. Viggle is the second visuals-focused Toronto startup that Andreessen Horowitz and Two Small Fish have jointly backed; the other, Ideogram, raised a US$80-million Series A in February.