Key Takeaways
- • Matiks, a social gaming platform, raised $10 million in funding led by General Catalyst, according to The Economic Times.
- • Participants in the round include Ronnie Screwvala and existing investors Info Edge Ventures, Tanglin Venture Partners and Untitled Ventures.
- • The startup plans to use the capital to expand internationally, invest in new games and social experiences, and launch an AI-powered game creation platform.
- • The planned AI tool would let users build and publish their own brain games without coding.
Summary
Social gaming platform Matiks has raised $10 million in funding led by General Catalyst, the Economic Times reported. The round also included participation from Ronnie Screwvala and existing backers Info Edge Ventures, Tanglin Venture Partners and Untitled Ventures.
According to the report, Matiks will deploy the new capital across three areas: international expansion, the development of new games and social experiences, and the launch of an artificial intelligence (AI)-powered game creation platform. The planned platform would allow users to design and publish their own brain games without writing code, extending the company's model from a consumer game product toward user-generated content.
The primary source does not disclose a valuation, revenue figures, user metrics or a timeline for the AI platform launch. Investors' continued participation, including several existing backers, suggests confidence in the company's trajectory, though the report does not elaborate on performance.
According to the report, Matiks will deploy the new capital across three areas: international expansion, the development of new games and social experiences, and the launch of an artificial intelligence (AI)-powered game creation platform. The planned platform would allow users to design and publish their own brain games without writing code, extending the company's model from a consumer game product toward user-generated content.
The primary source does not disclose a valuation, revenue figures, user metrics or a timeline for the AI platform launch. Investors' continued participation, including several existing backers, suggests confidence in the company's trajectory, though the report does not elaborate on performance.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.