Polystream has announced at the Intel Capital Global Summit a $12 million Series A investment led by Intel Capital. Also participating were Lauder Partners, and Wargaming Group Ltd, who join previous investors Initial Capital, and London Venture Partners.
- Polystream secures $12m Series A investment
- Round led by Intel Capital, with participation from Lauder Partners, and Wargaming Group Ltd.
- Funding will be used to recruit top talent from around the world, expand marketing activities, and accelerate further development of Polystream’s technology
Bruce Grove, co-founder, and CEO of Polystream said:
“Audiences around the world are increasingly hungry for the richest and most graphically complex content to be streamed instantly. The current approach of deploying GPUs in the cloud to deliver compressed video, whether for playing games or any other high-fidelity application, is eye-wateringly expensive and just does not scale. It’s why cloud gaming remains the hardest of streaming problems to solve; anyone can stream games, but the business of streaming is broken.”
Dave Flanagan, vice president, and senior managing director at Intel Capital, said:
“We believe new approaches are required to stream graphics at scale in the cloud and at the network edge. Bruce and Adam have had a huge impact on the business of video games over the past two decades, and they’re now set to transform cloud gaming and many other interactive industries.”
Adam Billyard, co-founder and CTO of Polystream, said:
“For us, solving this problem is the tip of the iceberg. We’re completely rethinking and realizing new ways of how to use the visual cloud, from server to client, from network to edge, transforming how the world consumes interactive content and services for years to come. From instant on-demand gaming, massive simulations and modelling, and immersive media to the highest definition 3D applications, the cloud is enabling the creation of never before seen interactive experiences that can only be realised through the power of Polystream.”