Radian Arc Closes Series A Funding Led by CPS Capital Group, Joined by AMD Ventures and TEC
Round Supports Radian Arc Vision of Expanding Cloud Gaming Globally
PERTH, Australia – December 20, 2022 – Cloud infrastructure provider Radian Arc today announced the closing of its Series A funding. The round was led by CPS Capital Group, Australia’s largest and most active small-cap stockbroker and corporate advisory firm, with participation from AMD Ventures (NASDAQ: AMD) and TEC. The investment will expand cloud gaming and Edge computing technologies globally, offering a solution to the economics and performance of metaverse and XR applications.
“This round of funding is a validation of Radian Arc’s progress activating cloud gaming solutions via 5G networks,” said David Cook, CEO of Radian Arc. “The investment from trusted industry leaders like AMD and TEC is proof that, with the right partners, we’re poised to lead in providing low latency, low cost, and high-performance cloud gaming to more network operators around the world.”
Radian Arc will accelerate GPU EDGE data center solutions for network operators through a combination of industry-leading AMD Radeon™ GPUs and EPYC™ CPUs, enabling networks of efficient Edge data centers that deliver both robust computing power and reliable connectivity. The partnership with TEC adds new opportunities for connection with other leading cloud gaming applications, expanding Radian Arc’s telecommunications networks pipeline while driving deployment of GPU EDGE infrastructure and retail bundles for cloud gaming services.
Radian Arc have already signed deals with 32 different telecommunications providers, developing the framework for cloud gaming in established and emerging markets internationally. In companion, the company is building the industry’s strongest ecosystem of partnered applications, including game streaming service Blacknut, cloud PC companies Loudplay and OnePlay, and esports platform Todosgamers. These complementary applications provide a top-to-bottom solution, optimizing the delivery of games with the fastest start times and lowest latency for consumers.
About Radian Arc – www.radianarc.io
Radian Arc provides an infrastructure-as-a-service (IaaS) platform for running cloud gaming, artificial intelligence and machine learning applications inside telecommunication carrier networks. Our teams across the USA, Australia, Central Europe, Malaysia, Singapore and Japan offer telecom operators a GPU-based edge computing platform without the need for capital expenditure, facilitating low latency and improved economics for value-added services and the monetization of 5G investments. Given the combined power and efficiency of 5G and GPU edge, Radian Arc delivers a high-quality content and cloud-gaming experience to consumers at a lower cost to telecom operators.
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TriplePoint PR, for Radian Arc