Montreal, 13 December 2019 – Edgegap, a Montreal based Startup focused on next generation gaming, has today announced the closing of a $1 million seed financing round to develop an innovative gaming infrastructure.
The Startup, founded in late 2018, is building the next generation of gaming infrastructure. Their solution allows video game studios to improve player experience while reducing lag. The team, led by Cisco and SAP alumni, is providing a world-class solution leveraging a new type of infrastructure called Edge Computing. They are helping studios lower their cost of infrastructure and improve player experience through innovative services. The unique and patented solution has been tested by major studios and is seen as the answer to lag, the number one problem affecting the gaming industry today.
The financing round was led by Konvoy Ventures, a Colorado-based venture capital fund dedicated to video gaming. They are joined by Hiro Capital. Hiro is a UK/ European venture capital fund specialized in games and esports, which recently announced the launch of a €100 million fund for this sector. Together, this highly strategic group of investors will enable Edgegap to reach a worldwide audience.
Edge Computing to reduce lag
Edge computing is a new type of infrastructure where smaller data centers are deployed in multiple locations, closer to users, instead of large centralized ones. The technology permits lower latency by reducing the distance between servers and end users; however, it brings a new set of challenges by dealing with multiple locations and different technologies and vendors. In a case study released this year, Edgegap demonstrated that it reduced lag by more than half and improved player experience 95% of the time. Edgegap achieves this by tightly integrating with both gaming studio backends and edge computing infrastructures. Such improvements are only possible by using Edgegap’s new technology.
Edgegap is an early stage, Montreal based Startup building the next generation of foundational infrastructure for video game studios. Founded by Mathieu Duperré in 2018, they are a pioneer in the edge computing industry by creating new solutions using this new type of infrastructure. Before founding Edgegap, Mathieu was working at Cisco Systems as a specialist in software-based solutions for the telecom industry.
About Konvoy Ventures
Konvoy Ventures is an early-stage venture capital firm dedicated to video gaming and esports. They are based in Denver, Colorado.
About Hiro Capital
Hiro Capital is a Luxembourg / London technology Venture Capital fund which invests at Series A/B in innovators in games, esports and digital sports.