Gaikai Raises 30M Round From NEA, Intel, Benchmark, Rustic Canyon

Gaikai said it raised a $30 million Series C round to continue the roll out of online gaming network. New Enterprise Associates led the round for the Los Angeles company and was joined by Qualcomm, Benchmark Capital, Rustic Canyon and Intel Capital.

PRESS RELEASE

Gaikai Raises $30M to Accelerate Availability of Interactive Cloud Gaming

FOR IMMEDIATE RELEASE:

LOS ANGELES, USA – July 20, 2011.  Gaikai Incis building the cloud for gaming: the world’s fastest interactive network, capable of delivering console-quality, real time experiences to browsers on virtually any device.  Today Gaikai announces the completion of their Series C funding round to accelerate the roll out of the network.

Led by renowned venture capital firmNEA, this round also sees mobile giant Qualcommjoin Gaikai’s investor group, along with Benchmark Capital, Rustic Canyon and Intel Capital.

David Perry, CEO of Gaikai Inc made the following statement:

“Our vision is to manage the Gaikai Global Interactive Network, built from the ground up for the cloud.  Telecommunications companies were built to deliver audio & data within geographic boundaries.  The next generation networks must be able to additionally deliver instant, real time interactive experiences to a connected global audience, both wired and wireless.

We have all become used to accessing every song ever made, every book ever written, every movie in every genre through cloud-based services. Gaikai is bringing this same functionality to video games and other interactive software. Over the last few years we have quietly designed and assembled a custom high-speed interactive network, purpose built to realize this vision.

Today’s media consumers are impatient with anything that stands between them and their chosen experiences.  We help publishers get rid of friction, reducing clicks, eliminating downloads and delays.  Today it is common to have up to 40 clicks and, sometimes, 60 minute downloads before a consumer can even try a great software product. The Gaikai Network enables publishers to deliver a full experience within 30 seconds in any leading web browser, on all operating systems, on all devices, even running inside platforms like Facebook. Many leading companies are already our partners in this vision, including video game publisher Electronic Arts and Walmart, the largest retailer in the world.

Our business is about enabling our partners to reach their customers more easily. We don’t impose business model constraints on our publisher partners; rather, we operate and manage public and private cloud platforms as a service, on a metered basis.  Any company can work with Gaikai to quickly launch their own cloud-based services.  We strive to help our partners build better relationships with their customers.”

This new capital added to the advice, relationships and experience of the teams at NEA, Benchmark, Rustic Canyon, Intel and Qualcomm will allow Gaikai to accelerate the growth and adoption of its Interactive Cloud Network.

Media Contact:
Alison Beasley, Lincoln Beasley PR
Email:  Alison@lincolnbeasley.co.uk
Phone: + 44 (0) 7966 449130 (United Kingdom)

About Gaikai Inc

Gaikai is the world’s first interactive cloud streaming platform that provides its partners with the ability to instantly stream state-of-the-art video game and software experiences through the Internet to any web browser, running on any operating system. Headquartered in Southern California, Gaikai is backed by Benchmark Capital, Rustic Canyon, NEA, Intel Capital, Qualcomm and Limelight Networks.

To add Gaikai powered video games to your website please visit:www.gaikai.com/affiliates

For more information, please visit:
Press Kit: http://www.gaikai.com/press
Web: www.gaikai.com
Twitter:@Gaikai_Inc
Facebook:www.facebook.com/GaikaiInc

About NEA
New Enterprise Associates, Inc. (NEA) is a leading venture capital firm focused on
helping entrepreneurs build transformational businesses across multiple stages, sectorsand geographies. With approximately $11 billion in committed capital, NEA invests ininformation technology, healthcare and energy technology companies at all stages in acompany’s lifecycle, from seed stage through IPO. The firm’s long track record ofsuccessful investing includes more than 165 portfolio company IPOs and more than 280acquisitions, including investments in technology leaders like Data Domain,CareerBuilder, Diapers.com, Groupon, Juniper, Macromedia, Playdom, Salesforce.com,and TiVo. In the U.S., NEA has two offices in the Washington, D.C. metropolitan areaand one in Menlo Park, California. In addition, New Enterprise Associates (India) Pvt.Ltd. has offices in Bangalore and Mumbai, India and New Enterprise Associates(Beijing), Ltd. has offices in Beijing and Shanghai, China.