RadianArc, a global IaaS provider specializing in cloud gaming and AI, announces further Series B funding round to $10M thanks to strategic investments by Blacknut, Square Enix, & others.
Radian Arc Limited, a global Infrastructure as a Service (IaaS) provider specializing in cloud gaming and artificial intelligence (AI), today announced further Series B funding to a total of $10 million USD, following additional investment from video game powerhouse, Square Enix Holdings Co., Ltd.
The Series B funding round was initially led by BITKRAFT Ventures and supported by AMD Ventures, Boston, Blacknut Cloud Gaming, and Saffelberg. The expanded coalition of investors underscores the gaming and AI industry’s confidence in Radian Arc's GPU-Edge technology.
David Cook, CEO of Radian Arc, on the expanded funding and partnerships: While the funding was closed some time ago, we are excited to announce the strategic collaboration with Square Enix which marks a pivotal moment for Radian Arc. This will further accelerate our growth and innovation in cloud gaming and AI infrastructure, delivering more value to our 78 telco partners.
In conjunction with the funding expansion, Radian Arc and Blacknut have entered into strategic and technology partnerships aiming to advance the cloud gaming ecosystem.
This multi-pronged strategic partnership is an acceleration of a long standing collaboration with both Square Enix & Radian Arc as well as a testament to our ability to align our strengths and harness the synergies created by premium software, hardware, and content. This partnership unlocks new opportunities, fueling our mutual growth and delivering unparalleled value to the gaming market.
Olivier Avaro, CEO of Blacknut
Radian Arc's technology has the potential to redefine the way we experience gaming and leverage AI. We are excited to be part of their journey and look forward to collaborating to bring innovative cloud gaming solutions to the market.
Hideaki Uehara, General Manager of Investment and Business Development Department at Square Enix
The Series B funding and new partnerships enable Radian Arc to continue to capitalize on the rapidly growing cloud gaming market and the increasing convergence of gaming, AI, and telecommunications technologies.