1. Home
  2. FUNDING

FUNDING

Wevr Announces New $3.5 Million Investment from HTC and Epic Game

News Desk
0
0
0
Wevr, a creative development and production studio devoted to interactive and spatial experiences, today announced $3.5 million in new funding from HTC Corp. and Epic Games. Original backers of Wevr, HTC and Epic are adding to their investment as Wevr expands its Virtual Studio technology and real-time 3D production capabilities. Advances in spatial computing and […]

King River Capital, Immutable, and Polygon Labs have teamed up to launch the $100M Inevitable Games Fund (IGF

News Desk
0
0
0
This web3 fund brings together Immutable and Polygon Labs who will identify opportunities for investors across the ecosystem. Managed by King River Capital, with support from Immutable and Polygon Labs, the fund targets high-growth prospects in the web3 gaming space. IGF's investor base comprises select professional and sophisticated investors, with an initial cap set at […]

Autodesk closes PIX acquisition

News Desk
0
0
0
Autodesk, Inc. has acquired the PIX business of X2X. PIX stands as a production management solution facilitating secure review and content collaboration between creatives and executives in the media and entertainment industry throughout the production process. The decision to acquire PIX aligns with Autodesk's findings from its 2023 State of Design and Make report, which […]

VR game developer Thirdverse has finalized $11.29 million in investment

News Desk
0
0
0
Based in San Francisco, California, Thirdverse, raised $3.3 million through a third-party share allotment facilitated by Nissei Capital Co., Ltd. and VeriServe Corporation. This latest funding, combined with the capital previously raised in November of the previous year, brings the total series D funding to approximately $11.29 million. When considering the funds amassed before the […]

NetEase Announces Second Quarter 2023

News Desk
0
0
0
NetEase, Inc. announced its unaudited financial results for the second quarter ended June 30, 2023. The company reported net revenues of RMB24.0 billion (US$3.3 billion) for the quarter, marking a 3.7% increase from the same period in 2022. Notable financial highlights include: Net revenues from games and related value-added services reached RMB18.8 billion (US$2.6 billion), […]

UK Government Commits £100 Million to Advance AI Computer Chip Development

News Desk
0
0
0
The UK Government has declared its intention to invest £100 million to accelerate the progress of AI computer chip technology. AI-enabling computer chips, including graphics processing units (GPUs), central processing units (CPUs), field-programmable gate arrays (FPGAs), and application-specific integrated circuits (ASICs), are essential components in driving AI innovations.