funding Archives

AppWizard

May 29, 2025

Amplitude secures $13.6m in funding

Developer Amplitude Studios has secured €12 million (.6 million) in funding from a Series A round led by Griffin Gaming Partners, which contributed €10 million. The funds will be used for developing projects like Endless Legend 2 and expanding the studio's capabilities. This funding follows Amplitude's management buyout from Sega. Amplitude CEO Romain de Waubert de Genlis emphasized the studio's commitment to its indie identity and creative vision, while Griffin partner Frankie Zhu highlighted the studio's success in creating strategy-based franchises.

AppWizard

May 20, 2025

The 14 most underappreciated games of the last year that you shouldn’t have ignored

Skin Deep: Released on December 5th, 2024; Steam reviews: Very Positive (771); Peak player count: 953. Loco Motive: Released on November 21st, 2024; Steam reviews: Very Positive (659); Peak player count: 336. Straftat: Released on October 24th, 2024; Steam reviews: Overwhelmingly Positive (7523); Peak player count: 960; Price: Free on Steam. Penny’s Big Breakaway: Released on February 21st, 2024; Steam reviews: Very Positive (800); Peak player count: 228. Solium Infernum: Released on February 22, 2024; Steam reviews: Very Positive (1,362); Peak player count: 1,108. MechWarrior 5: Clans: Released on October 17th, 2024; Steam reviews: Mostly Positive (4303); Peak player count: 5,548. Xenotilt: Released on November 12th, 2024; Steam reviews: Overwhelmingly Positive (594); Peak player count: 81. Anton Blast: Released on December 3rd, 2024; Steam reviews: Overwhelmingly Positive (2919); Peak player count: 1,104. The Thaumaturge: Released on March 4th, 2024; Steam reviews: Very Positive (2866); Peak player count: 2,733. Still Wakes the Deep: Released on June 18th, 2024; Steam reviews: Very Positive (5639); Peak player count: 729. Dungeons of Hinterberg: Released on July 18th, 2024; Steam reviews: Very Positive (1597); Peak player count: 486. Drova: Forsaken Kin: Released on October 15th, 2024; Steam reviews: Overwhelmingly Positive (6618); Peak player count: 2,717. 1000xRESIST: Released on May 9th, 2024; Steam reviews: Overwhelmingly Positive (3471); Peak player count: 278.

AppWizard

May 19, 2025

Cloud Imperium changes course on new Star Citizen ship upgrade

Developer Cloud Imperium Games announced a delay in the release of new flight blades for Star Citizen, which will now be available for in-game currency instead of requiring real-world money. Community director Tyler "Zyloh" Witkin emphasized the importance of gameplay accessibility and stated that everything players support through pledges will eventually be attainable through gameplay. The new flight blades will be available for aUEC in an upcoming patch scheduled for June. Star Citizen has raised over 0 million in funding, reflecting strong community support.

AppWizard

May 18, 2025

After raising over $800 million from its community, Star Citizen’s developer delays the release of a new ship upgrade as players baulk at having to pay for it

Cloud Imperium Games has raised over 0 million for Star Citizen through various funding methods over thirteen years. Recently, a new ship upgrade caused significant backlash from the community, with nearly 2,000 forum responses expressing discontent. Players criticized the introduction of purchasable flight blades, with some feeling disillusioned about investing further in the game. Despite the criticism, some players remain excited about the Greycat MTC, a planetary exploration vehicle priced at . In response to the uproar, Cloud Imperium Games announced that flight blades would be available for in-game currency in the upcoming June patch and acknowledged the need for better alignment between store items and in-game availability. The development of Star Citizen and its single-player counterpart, Squadron 42, continues, with Chris Roberts suggesting Squadron 42 may launch in 2026.

TrendTechie

May 16, 2025

Spotify Owned uTorrent Before BitTorrent Inc. Acquired It * TorrentFreak

Spotify is preparing for its listing on the New York Stock Exchange, with connections to Ludvig Strigeus, the developer of uTorrent, who was instrumental in Spotify's early development. Spotify once owned uTorrent, which it acquired in 2006 before selling it to BitTorrent Inc. shortly after. Strigeus's stake in Spotify is reportedly valued at over a billion Kroner, making him a multi-millionaire. Spotify launched its beta version in 2008 as an alternative to music piracy and has since become a billion-dollar enterprise, converting millions of users into paying customers. Initially, Spotify's service included a significant file-sharing aspect, utilizing P2P connections for streaming and incorporating pirate MP3s in its beta release. The acquisition of uTorrent provided crucial funding for Spotify's development.

Tech Optimizer

May 16, 2025

The $1 Billion database bet: What Databricks’ Neon acquisition means for your AI strategy

Databricks acquired the privately held serverless PostgreSQL startup Neon for approximately billion. Neon, founded in 2022, had previously raised million in a Series B funding round. Over 80% of the databases generated on Neon's platform were initiated by AI agents. PostgreSQL, an established relational database platform, is ranked as the fourth most popular database as of 2025. Serverless PostgreSQL offers operational simplicity, allowing on-demand resource allocation, which is particularly beneficial for AI-centric projects. Major cloud providers, including Google, Microsoft, and AWS, offer serverless PostgreSQL services. Databricks aims to build a developer and AI-agent-friendly database platform with this acquisition. Serverless architectures excel in handling short bursts and smaller workloads, providing rapid scalability, but may present challenges in data management. Neon’s model enhances appeal for developers by distinguishing between storage and compute, facilitating automated scaling. The acquisition indicates a shift in infrastructure requirements for successful AI implementation, highlighting the need for flexible, instantly scalable serverless solutions.

Tech Optimizer

May 15, 2025

Neon Serverless Postgres: Azure Native Integration Now Available

Microsoft and Neon have launched Neon Serverless Postgres as a native integration within the Azure ecosystem, following its initial preview in December 2024. This open-source, serverless database solution is positioned as an alternative to AWS Aurora Postgres. Key features include automatic scaling, branching capabilities, direct database connection from Azure, Azure CLI and SDK support, and Semantic Kernel integration for RAG pipelines. Microsoft has invested millions in Neon as part of a broader funding round to enhance collaboration. Neon’s platform includes autoscaling, branching, and point-in-time restore capabilities, specifically designed for AI applications. EnterpriseDB has appointed Nancy Hensley as Chief Product Officer to lead growth for its EDB Postgres AI platform, which supports various workloads and modernizes legacy systems. Additionally, companies are increasingly adopting passwordless authentication methods, with MojoAuth offering solutions that integrate into applications to enhance security and user experience.

Tech Optimizer

May 15, 2025

Databricks to acquire serverless database startup Neon for USD 1 Billion

Databricks intends to acquire Neon, a serverless Postgres startup, for approximately USD 1 billion. Neon specializes in a modern database service based on PostgreSQL, offering features such as near-instantaneous database provisioning, elastic scaling, and powerful branching capabilities. This acquisition aims to enhance Databricks' offerings for AI tools, particularly AI Agents. Databricks has a history of expanding through acquisitions, including the purchase of MosaicML for USD 1.3 billion in 2023 and Tabular for over USD 1 billion in 2024. The company has a valuation of USD 62 billion and projected annualized revenue of USD 2.4 billion by mid-year. The acquisition awaits regulatory approvals.

Tech Optimizer

May 15, 2025

Databricks to Acquire Neon in USD 1 Billion Deal to Power AI Agent Workflows with Serverless Postgres

Databricks intends to acquire Neon, a cloud-based serverless Postgres platform, for approximately USD 1 billion. Neon, founded in 2021, offers a managed, open-source Postgres service with features like effortless database cloning, isolated environment testing, and point-in-time data restoration. Over 80% of databases on Neon are created by AI agents. The acquisition aims to enhance Databricks' infrastructure for AI-native applications, allowing developers to create isolated Postgres instances quickly and decouple compute and storage resources. Neon has raised USD 129.5 million from investors, while Databricks has secured over USD 19 billion in funding, with a valuation of USD 62 billion. The acquisition is subject to regulatory approvals, and Neon's team will join Databricks post-acquisition.

Tech Optimizer

May 14, 2025

Databricks buys serverless database startup Neon for reported $1B

Databricks Inc. has confirmed its acquisition of Neon Inc. for approximately billion. Databricks, based in San Francisco, was valued at billion after its last funding round. Neon specializes in managed cloud databases, has raised over million in funding, and utilizes a proprietary storage engine built on PostgreSQL. Neon's architecture allows for rapid deployment of database instances in under a second, which enhances performance for AI agents. The acquisition is expected to be finalized by July 31.