Monday, December 12, 2011

CiiNOW Gets $13M For Cloud Gaming Tech

Mountain View-based CiiNOW, a developer of cloud-based software to compress graphics commands so that game publishers can run their games over the Internet, said Friday that it has raised $13M in a Series A funding round. The round came from Foundation Capital, Alcatel-Lucent, and un un-named strategic investor. CiiNOW is headed by Ron Haberman. Basil Alwan of Alcatel-Lucent and Ashmeet Sidana of Foundation become members of CiINOW's board with the funding. CiiNOW is looking to enable games to run from the cloud more easily, by reducing bandwidth of graphics. More information »