Taiwanese cloud gaming firm Ubitus raises $15 million from Samsung Ventures and others

Taiwanese cloud gaming firm Ubitus raises $15 million from Samsung Ventures and others

Taipei, Taiwan-based cloud gaming and services company Ubitus today announced that it has raised $15 million from a number of investors, most notably including Samsung’s venture capital arm.

Founded in 2007, Ubitus deployed its first cloud gaming service in Japan in September 2011 and has been deploying commercial offerings with carriers and OEMs – including Samsung – spanning across the United States and Asia ever since.

The company says it will use the capital to advance cloud gaming “to an unprecedented level especially in the TV market”.

Ubitus Inc.

The company made headlines this year when it brought its cloud gaming solutions to Google TV and teamed up with Sega of America to enable cloud gaming for SEGA’s most popular mobile titles.

Wesley Kuo, CEO of Ubitus, comments on the $15 million round thusly:

“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 (sic).”

Ubitus says it will build new gaming experiences with “more instant and social features” and expects to roll these out in Q3 2013.

Aside from Samsung Ventures, Ubitus didn’t disclose the names of its investors for this round, although its website lists DOCOMO Innovation Fund, Acorn Campus Ventures, Birch Venture Capital and IT-Farm Corporation as financial backers.

Image credit: Jung Yeon-Je for AFP / Getty Images

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