Representatives from developers Perpetual Entertainment have announced that the company has secured a $6.5 million equity investment. The Series B funding round was led by SOFTBANK Capital, with Manitou Ventures, Mobius Venture Capital and Chengwei Ventures also participating.
The company had already secured $4.5 million from Manitou Ventures and Mobius Venture Capital in a previous Series A equity investment, which closed in November 2003.
The company will use these funds to develop the ‘Perpetual Entertainment Platform’, for developing hosting, monitoring and operating networked online games on a variety of formats, and ‘Perpetual Game Engine’, a suite of reusable game tools and libraries for the development of massively multiplayer online games.
Two new online games are also being developed internally, including a newly announced MMO title based on the Star Trek license, after an agreement with Viacom to utilize "all live-action [Star Trek] motion pictures and television series" in a game expected to enter beta testing in 2006, and launch by early 2007.