Emergent Game Tech gobbles up $14M for game development platform
Emergent Game Technologies, builder of applications for video-game development, has snapped up $14.4 million in equity, amending a filing from February reporting that the company raised more than $12.5 million, according to VentureWire.
Based in Calabasa, Calif., the company says it can slash game development costs by eliminating some need for back-end support. Its platform is used by high-profile clients like Disney and Electronic Arts and is capable of building games for the Playstation 3, Xbox 360, PC and Wii.
Adena Ventures, Hopewell Ventures, Jerusalem Venture Partners, Walker Ventures and Worldview Technology Partners contributed to the recent round. Previously, the company has taken capital from Cisco Systems, Copan GmbH, Mount Washington Partners and the state of West Virginia’s Job Investment Trust.
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About the Author, Camille Ricketts
Camille is the lead writer for GreenBeat. She came to VentureBeat from Google where she worked on its traditional platforms team, particularly in TV. Before that, she was a reporter for the Wall Street Journal in New York and London. Follow her on Twitter at @camillericketts, and follow VentureBeat on Twitter at @venturebeat.
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