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NETWORK NEXT RAISES $4.4 MILLION TO LAUNCH INTERNET FAST LANE FOR GAMES
FOR IMMEDIATE RELEASE
Santa Monica, CA - Jan 23, 2019 - Network Next announced today that it has raised a $4.4M seed round to launch the internet fast lane for games and other interactive content. The seed round was led by BITKRAFT Esports Ventures, with additional investment coming from Bain Capital Ventures, Velo Capital Partners, and the critically-acclaimed independent game developer, Psyonix. Network Next also announced that Psyonix has signed on as Network Next?s first game customer with the integration in Rocket League going live in the coming months.
Network Next believes the internet is broken for games. It has been optimized to deliver static and streaming content, not interactive, real-time applications like online multiplayer games that require high performance and the lowest latency possible. Network Next is changing that. Network Next?s technology is integrated into the game and creates a fast lane across the internet. Network Next partners with game developers to specify their performance requirements and Network Next?s technology finds the fastest, most consistent route for each player, delivering an unparalleled gaming experience.
“We believe that game traffic should be prioritized above other internet traffic and could not be more thrilled to partner with investors who share that belief,” said Glenn Fiedler, CEO of Network Next and a 20-year veteran of game development. “With this new investment, we?ll be able to grow our team and continue the development of our technology, which will ensure that we can deliver on our vision.”
“The gaming industry is dependent on reliable, consistent network connections. Playing at your best for gamers means playing on a stable network with low latency - and that's where game developers don?t find great solutions,” commented Jens Hilgers, BITKRAFT Esports Ventures Founding Partner. “Network Next makes it easier for developers to operate on the highest quality infrastructure and make sure that gamers get the fastest and most consistent experience. As gamers as well as industry supporters, we at BITKRAFT could not be more excited to invest in this team and technology.”
To learn more, please visit Network Next?s website at www.networknext.com.
About Network Next
Founded in 2017 by game developers and networking pros, and backed by $4.4M in seed investment, Network Next believes that game traffic should be prioritized on the internet. Network Next is creating the internet fast lane for games, a network that delivers the best multiplayer experiences possible. Visit www.networknext.com for more information.
About BITKRAFT Esports Venture Fund
An early and mid stage investor focused on the esports sector, BITKRAFT discovers, supports, and scales esports startups globally along with the industry?s most influential companies. Founded in 2018, BITKRAFT Esports Ventures is active in Berlin, Los Angeles and San Francisco, the epicenters of the western esports world.