Perth, Western Australia –June 11, 2024 – Radian Arc, a pioneering Infrastructure as a Service (IaaS) provider specializing in cloud gaming and artificial intelligence (AI), today announced the successful closure of its Series B funding round, securing a total of $9 million. The round was led by BITKRAFT Ventures, a renowned gaming and web3 venture capital firm, with significant participation from industry leaders AMD Ventures, Boston, and Saffelberg.
This strategic investment reaffirms Radian Arc’s position as a trailblazer in the rapidly expanding cloud gaming and AI sectors. The company’s cutting-edge IaaS solutions have garnered widespread recognition for their ability to empower telecommunications companies (Telcos) to deliver immersive gaming experiences and deploy advanced AI applications seamlessly.
“We are thrilled to have the support of such esteemed investors who share our vision for the future of cloud gaming and AI,” said David Cook, CEO of Radian Arc. “This funding round will accelerate our mission to revolutionize the way Telcos leverage cloud infrastructure to provide cutting-edge services to their customers.”
The $9 million investment will enable Radian Arc to expand its global reach, enhance its robust IaaS platform, and continue development of its cutting-edge cloud-based solutions. Radian Arc’s strategic focus on partnering with Telcos positions it at the forefront of the convergence between gaming, AI, and telecommunications. This strategic alignment positions Radian Arc to capitalize on the exponential growth for this market in the years to come.
“Radian Arc’s technology has the potential to redefine the cloud gaming and AI landscape,” said Jonathan Huang, Principal at BITKRAFT Ventures. “We believe Radian Arc’s impressive tech stack, ecosystem of industry leading strategic partners, and marquee management team position them strongly to be dominant in one of the most powerful platform shifts in gaming.”
About Radian Arc
Radian Arc is a leading Infrastructure as a Service (IaaS) provider at the forefront of cloud gaming and artificial intelligence (AI) solutions. With a proven track record of empowering Telcos to deliver immersive gaming experiences and deploy advanced AI applications, Radian Arc is shaping the future of cloud-based technologies.
About BITKRAFT Ventures
BITKRAFT Ventures is a leading global investment platform focussed on Gaming and interactive media according to research from InvestGame and Drake Star Partners. Founded by industry pioneer Jens Hilgers, BITKRAFT serves a worldwide network that spans many of the industry’s forward-thinking startups and founders—including former executives from the likes of Activision Blizzard, Riot Games, Epic Games, Google, and Apple who are working to build and operate the virtual worlds and economies of the future. BITKRAFT operates six venture funds with a total of over $900M in assets under management and has over 100 companies in its global portfolio as of June 2024. BITKRAFT’s experienced international team works closely with entrepreneurs to help create significant value through early candid partnerships, unique domain experience, entrepreneurial history, and a global ecosystem of strategic partners. Find out more about how BITKRAFT and its portfolio companies are seeking to push the boundaries of Synthetic Reality® by visiting https://www.bitkraft.vc/vision.
Media Contact
For media inquiries or further information, please contact: info@radianarc.io