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Perpetual Gets New MMO Funding, Star Trek License

Representatives from developers Perpetual Entertainment have announced that the company has secured a $6.5 million equity investment. The Series B funding round was led b...

David Jenkins

September 7, 2004

1 Min Read

Representatives from developers Perpetual Entertainment have announced that the company has secured a $6.5 million equity investment. The Series B funding round was led by SOFTBANK Capital, with Manitou Ventures, Mobius Venture Capital and Chengwei Ventures also participating. The company had already secured $4.5 million from Manitou Ventures and Mobius Venture Capital in a previous Series A equity investment, which closed in November 2003. The company will use these funds to develop the ‘Perpetual Entertainment Platform’, for developing hosting, monitoring and operating networked online games on a variety of formats, and ‘Perpetual Game Engine’, a suite of reusable game tools and libraries for the development of massively multiplayer online games. Two new online games are also being developed internally, including a newly announced MMO title based on the Star Trek license, after an agreement with Viacom to utilize "all live-action [Star Trek] motion pictures and television series" in a game expected to enter beta testing in 2006, and launch by early 2007.

About the Author(s)

David Jenkins

Blogger

David Jenkins ([email protected]) is a freelance writer and journalist working in the UK. As well as being a regular news contributor to Gamasutra.com, he also writes for newsstand magazines Cube, Games TM and Edge, in addition to working for companies including BBC Worldwide, Disney, Amazon and Telewest.

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