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Radian Arc raised $9M in Series B funding led by BITKRAFT Ventures to expand global reach and enhance IaaS platform.

Jun 14, 2024•over 1 year ago

Amount Raised

$9 Million

Round Type

series b

SubiacoMachine LearningArtificial IntelligenceGaming

Investors

SaffelbergBostonAmd VenturesBitkraft Ventures

Description

Radian Arc, a Perth, Australia-based infrastructure as a service (IaaS) provider specializing in cloud gaming and artificial intelligence (AI), raised $9M in Series B funding. The round was led by BITKRAFT Ventures, with participation from AMD Ventures, Boston, and Saffelberg. The company intends to use the funds to expand its global reach, enhance its IaaS platform, and continue development of its cloud-based solutions.

Company Information

Company

Radian Arc

Location

Subiaco, Western Australia, Australia

About

Radian Arc provides an infrastructure-as-a-service (IaaS) platform for running cloud gaming, artificial intelligence and machine learning applications inside telecommunication carrier networks. Radian Arc offers telecom operators a GPU-based edge computing platform that facilitates low latency and improved economics for value-added services and the monetization of 5G investments.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers