The funding round was led by Griffin Gaming Partners, one of the world’s largest venture funds dedicated exclusively to gaming, and Microsoft’s venture fund M12
model.ai, which aims to break the shackles of game development with a transformative AI engine, announced today that it has closed €8.5 million in Series A funding with lead investor Griffin Gaming Partners and M12 – the Venture Fund from Microsoft – has completed. The company received additional equity investments from Rendered.vc, PreSeed Ventures and Transistormedia.
The modl.ai AI engine is redefining game development by arming developers with a virtually unlimited army of bots that can adapt to different playstyles and employ dynamic moves and tactics. This gives developers the opportunity to increase automation and eliminate the redundancies and manual efforts that often hinder and delay the release of new games and updates by months or even years.
Pierre-Edouard Planche, Partner at Griffin Gaming Partners, said: “Gaming is one of the trickiest user experiences to automate testing and therefore requires the highest level of technical talent and research combined with direct experience working with games. That’s why we’re so excited to support Christoffer, Lars, Benedikte and the modl.ai team to help streamline a growing pain and multi-billion dollar industry spend that’s close to the hearts of many game developers.”
M12’s Carli Stein added, “At M12, we’re excited about the impact modl.ai will have on the gaming industry by…
