ArtStudio is just too good not to leave a review for. I’ve been using Photoshop on my PC for drawing, photo editing, and professional work for the past six years and when I finally got an iPad with Apple Pencil support I was really hoping Procreate or one of the numerous other drawing/editing apps would be able to replace the feel of PS. Unfortunately, even though Procreate is indeed an amazing drawing program, it still doesn’t really satisfy my need for the familiar feel of photoshop and drawing with photoshop brushes. ArtStudio Pro solved all my problems. It’s got everything you could need and MORE (I especially love their amazing smoothing/line weight algorithm and pressure customization). It’s basically Photoshop, but without having to pay the ridiculous Adobe subscription every month. The price for this app is perfect, in my opinion (and honestly it’s even a bit low, for all it’s able to accomplish) and I really want to give a huge thank you to everyone who worked on/is working on this app and updating it. You’ve saved me so much money and frustration. Hats of to you!
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The money comes from KKR, ICONIQ Capital, Smash Ventures, aXiomatic, Vulcan Capital, Kleiner Perkins, and Lightspeed Venture Partners.
As the press release states, Epic Games has received an investment of approximately $1.25 billion from some of the biggest venture capital funds in the world. The new investors will join Tencent, Disney and Endeavor as minority shareholders in Epic. The company is still being controlled by founder and CEO, Tim Sweeney.
So why do you think Epic needs money? There might be a ton of reasons, and we have no idea really. They might be on a hunt for new studios, they might want to build more products, they might be willing to invest more in UE4? These are just wild guesses, and your bet is just as good as ours. Anyway if you have any ideas, please leave them in the comments!
Meanwhile, let’s have a look at the new investors and figure out who they are.
aXiomatic – an esports company. In September 2016, aXiomatic acquired controlling interest in one of the world’s premier esports brands, Team Liquid.
Vulcan Capital is a private equity firm focusing on investments in distressed restructurings, acquisitions, growth capital, mezzanine capital, leveraged buyouts, recapitalizations. They invested in Spotify, Uber, Amazin, Activision Blizzard, Facebook, Netflix, Tencent.
Kleiner Perkins is a is an American venture capital firm headquartered in Silicon Valley. This is a big one. This firm backed in over 850 ventures, including AOL, Amazon.com, Electronic Arts, Square, Google, Netscape, Sun Microsystems, Twitter and many others.
“We’re excited to partner with the finest minds in the financial, sports, and entertainment communities. This reinforces Epic’s position of leadership in real-time 3D technology, and accelerates our ability to improve the way people play, work, and interact with the world,”
Tim Sweeney, Epic Games