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Area28 raises $2.15m seed round to build out cloud-based collaborative game development platform and engine
Hong Kong, December 2, 2019 - Area28, a software company building the world’s first cloud-based collaboration platform and game engine to empower game development teams to connect and create in real-time, today announced the close of a $2.15 million seed funding round.
The round was led by Vectr Ventures and Alibaba Hong Kong Entrepreneurs Fund, with participation from APES Ventures, Bright Success Capital and Ironfire Ventures. The new funds will scale key teams in Hong Kong and China, as well as support the final stages of product development before commercial launch.
“We are enabling teams to work together closer and faster by removing decades of legacy workflow inefficiencies from the development pipeline,'' said Tony Zander, CEO of Area28. “We allow teams to deliver their products with increased access to a distributed global workforce through a continuous integration development platform. We believe that making games should be as frictionless and as fun as playing games.”
Established in 2017, Area28 has been pushing the boundaries of how effectively and efficiently game development teams can work together. In addition to building a high-performance game engine, Area28 is developing an engine agnostic cloud collaboration layer that will allow developers to maintain current workflows while accessing the Area28 cloud. By building an infrastructure that will allow developers from anywhere in the world to develop projects together simultaneously in real-time, Area28 is radically improving workflows and software performance in creating interactive content.
Cindy Chow, Executive Director of Alibaba Hong Kong Entrepreneurs Fund, said, “With China being one of the world’s biggest markets for games, we are looking forward to helping Area28 service this market through collaboration leveraging the Alibaba ecosystem. We believe Area28’s technology will add significant value to the game development process and we are excited to help them grow and scale faster.”
As cloud computing continues to evolve industries and operating models, game development must also progress from an analog to a cloud-based approach to enable on-site collaboration, eliminate inefficient workflows, and support real-time monitoring.
Area28 is the world’s first commercially available cloud-based collaboration platform empowering game development teams to connect and create in real-time. Its proprietary technology significantly improves efficiency and saves costs of gameplay and distribution by enabling cross-team collaboration, distributed team integration and supporting the outsource/third-party development model.
Alibaba Hong Kong Entrepreneurs Fund (“AEF”) is a non-profit initiative launched by Alibaba Group in 2015. To vitalize the development of innovation and technology, AEF’s mission is to help Hong Kong entrepreneurs and young people realize their dreams and visions for a Hong Kong that is vibrant and engaged regionally and globally. As part of its investment program, AEF provides Hong Kong-based entrepreneurs with investment capital and strategic guidance to help them grow their businesses and penetrate global markets, by utilizing Alibaba's vast ecosystem. It also nurtures Hong Kong’s graduates and students at tertiary institutions by providing valuable internship opportunities at Alibaba Group and its affiliate companies. AEF has also funded the HKAI LAB which is focused on advancing the frontiers of AI with cutting-edge technologies and expertise, and empowering start-ups to develop and commercialize their AI inventions and technologies.
About Vectr Ventures:Vectr is a global early-stage fund and hybrid venture studio based in Hong Kong that combines capital, creation, and partnership to deliver game-changing impact to teams ready to tackle global issues, transform industries, and improve the lives of millions. We seek to partner with globally-minded entrepreneurs who possess a passion for creating disruptive products that connect the old and new guard. Our team strives to be the ideal partner for founders looking to expand their business into Asia.