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Boston, MA – February 4, 2025 – Beamable, a leading provider of game server and live operations technology, today announced a successful $13.5 million Series A funding round led by Bitkraft Ventures. This investment will fuel the development and expansion of the Beamable Network, a groundbreaking decentralized physical infrastructure network (DePIN) designed to revolutionize backend infrastructure for online games. The network promises a more scalable, cost-effective, and resilient alternative to traditional centralized servers, empowering game developers across Web2 and Web3.
The funding round saw participation from a diverse group of investors, including Arca, Advancit Capital, 2Punks, P2 Ventures, Solana Foundation, Scytale Digital, Defy.vc, GrandBanks Capital, and Permit Ventures. This broad support underscores the industry's recognition of Beamable's innovative approach and the potential of the Beamable Network to reshape the gaming landscape.
Challenging the Hyperscalers with Decentralization
The Beamable Network tackles the limitations of current centralized server infrastructure by distributing computing power, storage, and network bandwidth across a decentralized network. This model offers significant advantages over traditional hyperscalers, including:
- Cost Efficiency: Developers only pay for the resources they consume, eliminating the overhead associated with maintaining idle server capacity.
- Enhanced Scalability: The decentralized nature of the network allows for seamless scaling to accommodate fluctuating player demand, ensuring smooth gameplay even during peak periods.
- Increased Resilience: By distributing resources across multiple nodes, the network is less susceptible to single points of failure, enhancing overall reliability and uptime.
Open Source and Community-Driven Development
To foster trust and collaboration within the gaming community, Beamable is open-sourcing its core technology under the stewardship of the newly formed Beamable Foundation. This independent entity will oversee the development and maintenance of the open-source codebase, ensuring long-term sustainability and community ownership.
The Beamable Foundation will also spearhead the creation of a tokenized protocol that incentivizes contributions to the network. This community-driven approach empowers third-party developers to build and deploy custom software modules and services, fostering a vibrant ecosystem of innovation.
Built-In Demand and Top-10 DePIN Projection
Unlike many nascent DePIN projects, the Beamable Network launches with substantial pre-existing demand. Existing games currently utilizing Beamable's backend infrastructure will seamlessly transition to the decentralized model, ensuring significant network utilization from day one. This strong starting point positions the Beamable Network as a projected top-10 DePIN project globally, measured by revenue.
Empowering Developers Across Web2 and Web3
The Beamable Network is designed to support a wide range of online games, regardless of their underlying technology. Whether built on Unity or Unreal, targeting PC, console, or mobile platforms, or utilizing Web2 or Web3 architectures, developers can leverage the network's robust infrastructure to streamline their backend operations. This platform-agnostic approach allows developers to focus on creating engaging gameplay experiences without the complexities of managing server infrastructure.
Key Benefits for Game Developers:
- Reduced Infrastructure Costs: Pay-as-you-go model minimizes expenses.
- Simplified Scaling: Effortlessly handle fluctuating player populations.
- Improved Reliability: Decentralized architecture enhances uptime and resilience.
- Access to a Thriving Ecosystem: Leverage community-developed plugins and services.
- Open-Source Transparency: Benefit from community-driven development and security audits.
About Beamable:
Beamable is a leading provider of game server and live operations technology, empowering developers to create and manage engaging online games. With its innovative DePIN-based infrastructure, Beamable is revolutionizing the gaming industry by providing a more scalable, cost-effective, and resilient alternative to traditional server solutions.
About Bitkraft Ventures:
Bitkraft Ventures is a leading global early-stage investment platform focused on gaming, esports, and interactive media. With a deep understanding of the gaming landscape, Bitkraft supports innovative companies that are shaping the future of entertainment.
About the Beamable Foundation:
The Beamable Foundation is an independent organization dedicated to fostering open-source innovation and decentralized infrastructure within the gaming industry. By overseeing the development of the Beamable Network, the foundation empowers developers and promotes a more collaborative and sustainable gaming ecosystem.
Compiled by CMO Intern team
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