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Sourcebits Attracts $10M Investment For App, Game Development

Bangalore, India-based app and game development house Sourcebits has secured its first round of funding, a $10 million investment from Sequoia Capital and IDG Ventures India.
Bangalore, India-based app and game development house Sourcebits has secured its first round of funding, a $10 million investment from Sequoia Capital and IDG Ventures India. The company, which also has offices in Atlanta, GA, has developed hundreds of apps for for iOS, Android, Mac and the web, primarily as contract deals with outside development and publishing clients. Those projects include The Plateau, a mobile and Facebook puzzle game based on untangling connected orbs; Robokill, an iOS and Mac action game; and Beast Farmer, an animal breeding adventure that has attracted over a million iOS downloads. Sourcebits will use the new investment capital to expand engineering and sales teams in the U.S. and design engineering teams in India and Europe, as well as to establish a contest to solicit ideas for new mobile apps. "Having the backing of these two investors will give us the added impetus to innovate, excel and grow as market leaders in mobile and web applications," said Sourcebits founder and CEO Rohit Singal in a statement. Seqouia Capital recently committed $4.7 million to help fund the Humble Indie Bundle game distribution outfit, and has previously invested in Israeli social gaming network GameGround. IDG has recently invested in social game maker Funzio and previously led funding for gaming voice chat company Vivox.

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