OnLive announced today that they have secured Series C funding. Previous investors Warner Bros, Autodesk and Maverick Capital all contributed, as did AT&T Media Holdings and Lauder Partners.
“OnLive is excited to be receiving such a strong endorsement as we ramp toward launch,” said Steve Perlman, OnLive Founder and CEO. “OnLive’s technology and services enable broadband connections to deliver unprecedented gaming and interactive content experiences to the user. The implications are nothing short of world-changing, and we are excited to be aligned with forward-thinking investors and strategic partners who recognize OnLive’s potential.”
The cloud-based gaming service was first revealed during GDC 2009 and has already secured support from several top game publishers. OnLive is currently conducting a Beta test for their platform and are hoping to launch during the Winter.
“This closing marks a major milestone for OnLive,” said Kevin Tsujihara, President, Warner Bros. Home Entertainment Group. “Having secured both major funding and key partnerships, OnLive is moving closer to deployment of the OnLive Game Service. Warner Bros. is delighted to be an OnLive investor and partner, and welcomes the new investors and partners.”
