AccelByte, a platform that helps game creators build backend services and tools, has raised $60 million in Series B led by SoftBank Vision Fund 2, with participation from Sony Interactive Entertainment and returning backers Galaxy Interactive and NetEase.
The company’s last funding announcement was in August 2021 for a $10 million Series A led by Galaxy Interactive. To date, the startup has raised a total of $70 million. Accelbyte did not disclose its valuation.
AccelByte’s platform enables developers to build, scale and operate live service games across the player experience loop, including lobby, friends, matchmaking, cloud progression, achievements, season pass, launcher and patcher and more.
Microsoft announced its financial results for Q3 of fiscal year 2026, including an update on its gaming Xbox business and more.
Not looking good. Hopefully Asha Sharma is able to turn Phil’s disaster around.
To me it's still quite remarkable how they can cash-in 5.3bn in revenue in a single quarter, since their hardware is basically dead.
The stock mark is what makes Microsoft remarkable, They have convinced every institutional and retail investor to just keep piling money into them. Like many big tech giants they are just a big growing pyramid scheme. As long as people keep dropping money into ETF's that cover the market Microsoft will always be liquid. At the same time it is completely stifling innovation and competition. People need to start being more discreet in how they invest their money as it's killing the system.
Riiiiight because people will just flock back to them for one or two games per year.
15+ years of bad performance is what they call irreparable in business. It is time for them to sell off the assets and get out of entertainment.
These declines are on the back of extra revenue received from releasing games like Forza horizon 5 on PlayStation. So I’m being sarcastic here when I said they should go back to exclusives. Killing off a revenue stream from Ps5 sales will only make things worse
The charity event will be streamed live from Gamescom in August.
Xbox Game Pass Ultimate is getting cheaper but Call of Duty is leaving day-one access. Here’s what we think the price drop means for Xbox, PC Game Pass, and the future of the service.
They would be better breaking up what valued assets they still have and put them out to auction for the competition.
There is no more financial gain for them on any trajectory in the entertainment space.
