Holywater, an AI-first vertical video company, has acquired visual effects company Jeynix, The Hollywood Reporter has learned exclusively. And from here on out, Holywater will be known as Holywater Tech. Holywater is the tech company behind microdramas platform My Drama, books platform My Passion, and AI streaming platform My Muse. Holywater operates out of the Ukraine, where it was founded, but targets the U.S. vertical video market. Jeynix is described as a high-end AI-assisted production team specializing in hyper-realistic visual effects and performance preserving techniques for video. The addition of “Tech” in its rebrand is to “better reflect its technology-first identity, an emphasis the company has prioritized from the beginning,” THR is told. Jeynix is being brought in to “deliver cinematic-quality visuals at scale,” Holywater Tech says. It will keep the budgets low — a must in microdramas — and allow for “rapid localization across markets in a matter of days.” Holywater Tech has been making headlines in recent months. Last month, it announced a new financing round — its largest to-date — at $22 …