Jetson made a splash unveiling its drone-like electric flying vehicle before and now the company has raised a $15 million seed round to help launch the Jetson One in 2024.
13.09.2023 - 14:27 / venturebeat.com
We're thrilled to announce the return of GamesBeat Next, hosted in San Francisco this October, where we will explore the theme of «Playing the Edge.» Apply to speak here and learn more about sponsorship opportunities here. At the event, we will also announce 25 top game startups as the 2024 Game Changers. Apply or nominate today!
Rascal Games has raised $4.2 million to create a shared world adventure game dubbed Project Wayward.
Founded by the creators of Blitz.gg, Rascal Games has a team of just two people — Rick Ling and Jonathan Lin — and it was part of the first class of A16z’s new game accelerator Speedrun earlier this summer.
The money comes game venture capital firm Patron, as well as a number of other investors including Stephen Lim (co-creator of Valorant and Raidbase), Mitch Lasky (early investor at Riot Games, Thatgamecompany and Manticore Games), Stanislav Vishnevskiy (Discord), Anjney Midha (general partner at A16z), and a16z Speedrun.
In an interview with GamesBeat, Ling said the company is on an ambitious journey to develop Project Wayward, a cooperative action adventure game designed for group play. It’s a player-versus-environment multiplayer game, inspired by titles like Sea of Thieves and Valheim.
“Our goal is to authentically capture the dream of adventuring with friends in fantastical worlds,” Ling said. “We are a studio dedicated to serving players who play games at home with their friends. We’re building games that are meant to be unapologetically multiplayer, and social is really our guiding light. We play in a group, and we’re willing to sacrifice a single-player experience. It’s more fun to play with your friends.”
Ling said he knew Brian Cho and Jason Yeh, the founders of the game venture fund Patron, for a long time. They had operated games and worked at places like Riot Games, and that was a key requirement for funding, Ling said. Patron was willing to back the fledgling company because it knew the founders well.
“At Patron, we envision the most engaging future online communities will resemble games rather than traditional text-based chat platforms. Rick and Jon possess extensive experience in scaling Discord and building products from 0 to 1 that gamers love,” said Patron’s Cho, in an email to GamesBeat. “They are uniquely positioned to merge generative AI potential with their expertise in social consumer experiences, forging a path toward something new and special. We couldn’t be more excited to be backing them.”
As for the A16z Speedrun accelerator, Ling said that if you’re starting a game studio and aren’t sure how to build startups, the program is a big help for sharpening your ideas.
Ling said the company seeks to capture the essence of embarking on fantastical adventures
Jetson made a splash unveiling its drone-like electric flying vehicle before and now the company has raised a $15 million seed round to help launch the Jetson One in 2024.
BackerKit will not allow AI-generated content on its platform, which includes many high-profile board game and tabletop role-playing game projects. The announcement, made formal in a blog post on Monday, stands in stark contrast to its biggest rival, crowdfunding giant Kickstarter, which has no such restrictions. The announcement comes less than one month after AI-generated art in a Terraforming Mars board game expansion raised alarms among creators and backers alike. BackerKit’s policy goes into effect on Oct. 4.
Like many Eastern European companies, SayGames has had a tumultuous time with the war in Ukraine. But SayGames has achieved four billion downloads for its hypercasual games, and its My Perfect Hotel hybrid casual game has hit the top ranks of mobile gaming.
Aug X Labs has raised $3.1 million to democratize video creation through AI technologies.
Zakazane is a new Polish game studio full of game veterans, and it has raised a $1 million pre-seed investment.
Afference announced today that it has raised $1.5 million in funding to develop its new neural interface (or “artificial sensation”) platform, called Phantom. Konvoy led the round, and Afference plans to use the money to enhance the Phantom platform, which offers a new kind of haptic device for users to “feel” things in virtual reality environments.
Omada has created a popular social prediction game for sports fans and that enabled it to raise a $7.5 million seed funding round.
Riot Games announced that K-pop group NewJeans will perform the 2023 League of Legends World Championship anthem, “GODS.” The tournament is set to kick off with play-ins on October 10 in Seoul, South Korea. The anthem will release on October 3 at 10pm PT / October 4 at 2pm KST.
By Andrew Webster, an entertainment editor covering streaming, virtual worlds, and every single Pokémon video game. Andrew joined The Verge in 2012, writing over 4,000 stories.
We're thrilled to announce the return of GamesBeat Next, hosted in San Francisco this October, where we will explore the theme of «Playing the Edge.» Apply to speak here and learn more about sponsorship opportunities here. At the event, we will also announce 25 top game startups as the 2024 Game Changers. Apply or nominate today!
We're thrilled to announce the return of GamesBeat Next, hosted in San Francisco this October, where we will explore the theme of «Playing the Edge.» Apply to speak here and learn more about sponsorship opportunities here. At the event, we will also announce 25 top game startups as the 2024 Game Changers. Apply or nominate today!
We're thrilled to announce the return of GamesBeat Next, hosted in San Francisco this October, where we will explore the theme of «Playing the Edge.» Apply to speak here and learn more about sponsorship opportunities here. At the event, we will also announce 25 top game startups as the 2024 Game Changers. Apply or nominate today!