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Gaikai Completes $30M Funding Round

Gaikai Completes $30M Funding Round

July 20, 2011 | By Kyle Orland




Streaming video game demo service Gaikai announced today the completion of a $30 million round of Series C funding, including investment from mobile giant Qualcomm.

Gaikai CEO David Perry said the cash infusion would help Gaikai "accelerate the growth and adoption of its Interactive Cloud Network," which currently streams select EA games though a number of affiliate web sites, including Walmart.com.

"Telecommunications companies were built to deliver audio and data within geographic boundaries," Perry said. "The next generation networks must be able to additionally deliver instant, real time interactive experiences to a connected global audience, both wired and wireless."

Today's funding announcement comes on top of $10 million secured last May. Venture capital firm NEA led the new round of funding, which also included investment from Benchmark Capital, Rustic Canyon and Intel Capital.

Earlier this month, Gaikai signed a deal to stream demos of select Capcom titles. The company has promised to expand its service from PCs to TVs sometime in 2012.


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