Wednesday, 20 July 2011

Gaikai secures $30 million funding

Cloud-gaming service Gaikai has secured $30 million in a new funding round led by venture capital firm NEA, with Qualcomm, Benchmark Capital, Rustic Canyon and Intel Capital participating in the investment. This brings the company’s total funding to over $40 million. The investment will be used to accelerate the rollout of the firm's cloud gaming network.

Gaikai offers a server-based, cloud-gaming technology that streams games, allowing users to play any game inside the web browser. Gaikai’s game streaming service hosts the games, runs them and then streams them to users, allowing them to interact with games wherever they are browsing.

The company just landed a pretty big deal with Walmart to stream games for Walmart. The company already has a streaming deal in place with Electronic Arts. Gaikai faces competition from OnLive.

Gaizilla Founder David Perry said the investment will be used to accelerate the rollout of the network.

"We have all become used to accessing every song ever made, every book ever written, every movie in every genre through cloud-based services. Gaikai is bringing this same functionality to video games and other interactive software. Over the last few years we have quietly designed and assembled a custom high-speed interactive network, purpose built to realise this vision.

"The Gaikai network enables publishers to deliver a full experience within 30 seconds in any leading web browser, on all operating systems, on all devices, even running inside platforms like Facebook."

SOURCES: CVG, TechCrunch.

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