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Bitmagic raises $4M for AI platform that generates 3D games from consumer prompts

Jul 02, 2024 - venturebeat.com
Bitmagic, a Finnish company, has secured $4 million in funding to further its plan of using generative AI to allow consumers to create 3D games based on text prompts. The funding round was led by Korea Investment Partners and included participation from Supercell, Sisu Game Ventures, and several angel investors. Bitmagic's platform, now publicly available on Steam Playtest, enables users to create fully playable multiplayer games within seconds by typing their desired game scenario.

The company aims to democratize game development and remove traditional barriers to game creation. Bitmagic's CEO, Jani Penttinen, stated that the investment will help make game creation accessible to everyone, potentially sparking a new wave of creativity in the gaming industry. The company currently has 10 employees and plans to expand to 15 by the fall.

Key takeaways:

  • Bitmagic has raised $4 million in funding led by Korea Investment Partners (KIP) to advance its plan to use generative AI to enable consumers to build 3D games based on text prompts.
  • The Bitmagic platform is now publicly available on Steam Playtest, allowing anyone to create fully playable multiplayer games within seconds simply by typing their desired game scenario.
  • GamesBeat has partnered with Lil Snack to create customized games for its audience, aiming to engage its audience through play with the GamesBeat content.
  • Bitmagic's CEO, Jani Penttinen, believes that their platform will democratize game development and unleash a new wave of creativity in the gaming industry.
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