The Cyprus-based business will utilize financial investment to support item advancement and international growth
Image credit: Magify
Analytics and live ops firm Magify has actually gotten EUR1 million in financing led by Steam Power Investments.
As Pocket Gamer reports, the cash raised will support item advancement, especially in making use of AI and broadening to international markets throughout the video games market.
Established in October 2023, Magify supplies functions to studios consisting of information analytics, monetisation and live ops setup, A/B screening, and division.
“We desire studios of all sizes to have level playing fields to complete because, eventually, we desire more fantastic video games to flourish and prosper,” stated Magify creator and CEO Evgeny Kurenkov.
“With this financial investment, we’ll improve our platform to provide much more innovative analytics, user division, and monetisation tools. This will accelerate our growth into worldwide markets, permitting us to support a wider spectrum of video game studios, from indie designers to market giants.”
Steam Power Investments co-founded Andrei Yarantsau included: “In Magify, we discovered an external tool that not just fulfills our requirements however far surpasses them.
“We see terrific chances for cooperation in between our existing and future portfolio business that establish video games and Magify, which assist them minimize and increase performance.”
In June 2024 Magify got a concealed amount from Narwhal Accelerator, introduced by veterans from Xsolla and MyGames Venture Capital.