Press release -
GAMING STARTUP EDGEGAP SECURES $7 MILLION INVESTMENT TO HELP DEVELOPERS TACKLE LAG AND MANAGE INFRASTRUCTURE
10th November, Montreal, Canada - Edgegap, a Montreal based video game technology startup, today announces a $7 million series A investment led by Konvoy Ventures. The funding will enable the company to continue developing its infrastructure platform, built to reduce online gaming latency and automate infrastructure needs across the industry.
Edgegap’s platform leverages edge computing, essentially moving data centers closer to players to tackle lag and improve online experiences. Combined with a proprietary user-server decision-making engine, it empowers developers to launch new game servers and applications closer to players within seconds.
Since its seed investment of $1 million in 2019, Edgegap has tested its technology with two triple A studios, improving latency for 91 per cent of the players involved. On average, round-trip time (the time taken for information to reach its destination and return) was reduced by 46.5 per cent per player and for a quarter of players this dropped to below 50 milliseconds.
“Our goal is to build on the idea of a content delivery network, which already exists for cloud applications. In that sense, Edgegap is building a modern application delivery network, combining a highly distributed infrastructure footprint with a quick decision-making and deployment solution,” said Edgegap CEO, Mathieu Duperre. “We see this as a major paradigm shift for developers looking to distribute their applications worldwide.”
Joining Konvoy Ventures in this funding round is San Francisco-based early-stage venture capital fund GFR Fund, following their investment from the previous seed round. Multinational converged broadband, video and mobile communications company, Liberty Global and Akamai, leader in powering and protecting digital experiences, have also invested, bringing their expertise in massive scale infrastructure.
With this latest investment, Edgegap will expand its team to build additional services for game studios and beyond. Its aim is to continue helping developers create better real-time applications through leveraging a premium infrastructure, without the cost and the hassle of managing it.
-ENDS-
Notes to editors
Several of Edgegap’s partners are amazed by the platform:
“Edgegap’s unique approach to optimising game performance across a highly distributed infrastructure enables studios to improve their players’ gaming experience.” – Akamai Technologies
“Having a stable and low latency solution for our multiplayer was our biggest concern. On top of Edgegap being the best latency solution on the market, integration was a breeze.” – Triple Hill Interactive
“Edgegap’s service lets us deploy game servers for players with ease within a matter of seconds. Their talented team lets us focus on what we love most, making games” – Alderon Games
About Edgegap
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. Along with him is Vincent Archambault who joined them as the Chief Product Officer after a career in the gaming industry, and Philip Cote as Chief Technology Officer with 20+ years of experience in the infrastructure space.
About Konvoy Ventures
Konvoy Ventures is an early-stage venture capital firm dedicated to video gaming platforms and technologies. They are based in Denver, Colorado.
