Bradford spin-out Tangentix has secured further investment from Parkwalk Advisors.
Tangentix, a games technology spin-out of Bradford University, has secured an undisclosed investment from existing investor Parkwalk Advisors. Enterprise Ventures and Finance Yorkshire joined the round.
Tangentix previously raised £1.4m ($2.28m) in March 2013.
The spin-out exploits partial differential equations to represent 3D objects mathematically. The technique is patented. It also commercialises digital rights management (DRM) technology that allows games publishers to offer demo versions without worrying about piracy.
Called GameSessions, the product is based on the newly developed DRM and lets users download games for free, and then either subscribe or buy it once the trial ends. The service uses the company’s partial differential equations to achieve a higher compression rate and faster download speeds.
The investment will go towards pushing ahead with getting GameSessions to market. The company is aiming to attract major games publishers and turn the technology into a commercially viable product within the next 12 months.
