TechTaffy

tech:

taffy

Chukong Technologies Raises $50M

By TechTaffy Desk

chukong_chinaMobile entertainment company Chukong Technologies has secured $50 million in a Series D funding led by New Horizon Capital, with participation from existing investors GGV Capital, Sequoia Capital, Steamboat Ventures and Northern Light. The latest investment brings the company’s total funding to $83 million to date.

Haozhi Chen (Chukong Technologies, CEO): With the proliferation of smartphones across China and countries worldwide, we see a significant opportunity not only to publish polished games and entertainment content but also to provide tools for developers to access emerging mobile platforms and overcome challenges caused by device fragmentation. There is a bigger play here than offering discrete mobile game experiences, and that’s what we’re going after.

Chukong Technologies develops and publishes first-party mobile games under the Coco brand (formerly branded as PunchBox). The company also works with  developers like Gameloft, Nexon, Disney, Gamevil, and Konami as a localization and publishing partner market under its CocoaChina brand.

The company says it has more than one billion sessions per month, 350 million activated downloads, and 63 million monthly active users. More than 400,000 developers in over 150 countries use Cocos2D-x (a cross-platform open source game engine, developed by the company) including 70 percent of the top grossing games in China and companies like Zynga, Wooga, Gameloft, Glu and Konami.

Chukong Technologies is based in Beijing with offices in Tokyo, Seoul, Taipei and Menlo Park, California.

Just in

Series A

Tembo raises $14M

Cincinnati, Ohio-based Tembo, a Postgres managed service provider, has raised $14 million in a Series A funding round.
Around the web

Raspberry Pi is now a public company — TC

Raspberry Pi priced its IPO on the London Stock Exchange on Tuesday morning at £2.80 per share, valuing it at £542 million, or $690 million at today’s exchange rate, writes Romain Dillet. 
Fundings

AlphaSense raises $650M

AlphaSense, a market intelligence and search platform, has raised $650 million in funding, co-led by Viking Global Investors and BDT & MSD Partners.
Around the web

Elon Musk’s xAI raises $6B to take on OpenAI — VentureBeat

Confirming reports from April, the series B investment comes from the participation of multiple known venture capital firms and investors, including Valor Equity Partners, Vy Capital, Andreessen Horowitz (A16z), Sequoia Capital, Fidelity Management & Research Company, Prince Alwaleed Bin Talal and Kingdom Holding, writes Shubham Sharma. 
IT

Capgemini partners with DARPA to explore quantum computing for carbon capture

Capgemini Government Solutions has launched a new initiative with the Defense Advanced Research Projects Agency (DARPA) to investigate quantum computing's potential in carbon capture.