enterprise software

Seattle’s newest unicorn: Rec Room raises $100M as social gaming popularity fuels big growth

(Rec Room Image) Seattle-based Rec Room has raised $100 million in new funding. The game development startup is now valued at $1.25 billion after an explosive year of growth in which players used the platform to connect during the COVID-19 pandemic. It’s the latest Seattle-area startup to reach “unicorn” status with a $1 billion valuation or more. On a video call from the hospital where he and his wife welcomed a baby boy over the weekend, CEO and co-founder Nick Fajt was excited about the 5-year-old startup he’s been raising

Discord’s reported $10B exit; Compass and Intermedia Cloud Communications set IPO price ranges

It’s demo day for the current Y Combinator class, so we’ll have a largely early-stage focus at TechCrunch today. But there’s also a host of late- and super-late-stage news this morning that matters. Let’s get to all of it before we start to talk accelerators, overheated pre-seed valuations and the like. The Exchange explores startups, markets and money. Read it every morning on Extra Crunch, or get The Exchange newsletter every Saturday. There are three things to discuss. First, the possible $10 billion exit of Discord to Microsoft. Discord is

Tilt Five Secures $7.5M Series A to Revolutionize Gaming Through 3D…

Tilt Five Promo Photo “While the tech giants invest billions in far-off solutions, this investment expands our ability to deliver on a proven set of technologies resulting in an affordable, social and wearable device,” said Jeri Ellsworth, Tilt Five CEO. SAN JOSE, Calif. (PRWEB) October 28, 2020 Tilt Five, an entertainment system provider that uses proprietary augmented reality (AR) glasses, a game board, and a wand controller to engage players in tabletop and video games in 3D holographic environments, today announced that it has secured $7.5 million in Series A

SIP Global Partners Leads $7.5 Million Series A Funding For Tilt Five,…

NEW YORK (PRWEB) October 28, 2020 SIP Global Partners, a Japan-US headquartered VC firm that invests in transformative global technology, today announced it is leading a $7.5 million Series A round for Tilt Five. Tilt Five is an entertainment system provider that uses proprietary augmented reality (AR) glasses, a game board and a wand controller to engage players in tabletop and video games in 3D holographic environments. As part of the investment, General Partner of SIP Global Partners Jeffrey Smith will join Tilt Five’s Board of Directors. Other participants in