Daily news, dev blogs, and stories from Game Developer straight to your inbox
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 ([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.
You May Also Like
Exploring the 2024 State of the Game Industry report - Game Developer Podcast ep. 39Feb 2, 2024
Phantom inspiration and the ethical auteur with Xalavier Nelson Jr.Dec 8, 2023
Designing Killer Queen: from playground experiment to modern arcade sensationOct 18, 2023
Rod Humble and King Choi illustrate the ambition of Life By YouSep 22, 2023
Get daily news, dev blogs, and stories from Game Developer straight to your inbox
Subscribe to Game Developer Newsletters to stay caught up with the latest news, design insights, marketing tips, and more