# AccelByte

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/accelbyte

- Industry: Software
- Headquarters: Redmond, US
- Website: www.accelbyte.io
- Total disclosed funding: $60M
- Latest round: Series B (Apr 7, 2022)
- Investors on record: 6

## About

Based in the US, AccelByte Inc. specializes in providing backend solutions for the gaming industry, enhancing online gaming experiences for developers and players alike.AccelByte Inc. was founded in 2016 and is headquartered in Redmond, US. The company provides backend services designed for the gaming sector and has raised USD 50.00 mn in a Series B funding round in April 2022, led by SB Investment Advisers with participation from Sony Interactive Entertainment LLC and returning investors. The firm has completed a total of 3 deals to date. Junaili Lie serves as the CEO and co-founder, along with Cove Schneider, contributing their expertise to the company’s operations.AccelByte offers a comprehensive suite of backend solutions specifically designed for the gaming industry, encapsulated in its flagship product, AccelByte Gaming Services (AGS). This platform provides functionalities such as cross-platform account management, matchmaking, in-game store capabilities, and detailed analytics, all built on a scalable microservices architecture. The services empower game developers to efficiently create and launch online games for a diverse clientele including over 50 leading studios, addressing the needs of developers in North America, Europe, and Asia.AccelByte generates revenue primarily through a subscription-based model, with developers paying for access to its suite of services within the AGS framework. These subscriptions, available on an annual or monthly basis, are tailored to the scale of the game studio's operations. Additionally, the company provides premium services, including consulting and integration support, designed to help studios utilize customized backend solutions for their games.In April 2022, AccelByte Inc. raised USD 50 mn in Series B funding, which will support the launch of new products and expansion into new geographic markets. The company plans to enhance AGS with upcoming features aimed at improving developer support and user engagement. Expansion efforts will target global markets, particularly in Asia and Europe, by the end of 2023, allowing AccelByte to better serve its growing international clientele.

## Funding rounds

- Series B, Apr 7, 2022, $50M — Sanren Capital, SB Investment Advisers, Galaxy Asset Management, Sony Interactive Entertainment LLC
- Series A, Sep 9, 2021, $10M — Sanren Capital, Galaxy Asset Management, Krafton Inc., Dreamhaven, Inc.

## Investors

- Sanren Capital (https://capitalatlas.ai/funds/sanren-capital) — Series A, Series B
- Galaxy Asset Management (https://capitalatlas.ai/funds/galaxy-asset-management) — Series A, Series B
- Krafton Inc. — Series A
- Dreamhaven, Inc. — Series A
- SB Investment Advisers (https://capitalatlas.ai/funds/sb-investment-advisers) — Series B
- Sony Interactive Entertainment LLC — Series B