Ubitus Inc. today announced it has raised over $15 million cash from multiple international leading investors including Samsung Venture Investment Corporation (Samsung Ventures) for further spearheading the push of cloud gaming to next level.
Since its first cloud gaming deployment in Japan in September 2011, Ubitus had been leading the global market in deploying commercial cloud gaming services with top-tier carriers and OEMs spanning across the United States, Japan, South Koreaand China (including Hong Kong).
Backed by the solid market-proven track records, the new round funding led by Samsung Ventures, the venture capital arm of the Samsung Group with mandate to invest in companies that are closely tied to the overall strategy of Samsung Group, will further support Ubitus' determined endeavor in advancing the cloud gaming to an unprecedented level especially in the TV market.
"We are delighted that leading investors like Samsung Ventures shares Ubitus' conviction that making video games playing as accessible as the movie and music streaming services nowadays can forever change the way people enjoy games in the past 20 years," said Wesley Kuo, CEO of Ubitus.
Going forward, with the new investment garnered, Ubitus is committed to take cloud gaming to next level by building new gaming experiences with more instant and social features that are expected to roll out in Q3 this year.
