Statespace, a US-based video game technique software producer spun out of New York University (NYU), has secured $29m in a series B round led by venture capital firm Khosla Ventures, TechCrunch wrote on Thursday.
The round also featured VC firm FirstMark Capital, which had participated in a $15m series A round for the company in May 2020 that was also led by Khosla Ventures and which included June Fund, Expa and Lux Capital.
Founded in 2017, Statespace has built a software platform called Aim Lab where esports players can hone their skills through training environments intended to assess their visual accuracy.
Customers run the software through computer game marketplace Steam and are able to practice in a sandbox environment that replicates the way their chosen game is controlled.
Statespace was founded by Wayne Mackey, a postdoctoral fellow in the Computational Neuroimaging Lab at NYU.
The series B cash will go to expansion as Statespace aims to capitalise on growth in the wider gaming industry. It currently has about 5 million registered users and 1.5 million monthly active users, according to TechCrunch.
The May funding followed a $2.5m seed round in August 2019 led by FirstMark and backed by media holding firm WindrCo, Expa and Lux, adding to $1.5m in earlier funding from investors including Joyance Partners and Social Starts.
– A version of this article first appeared on our sister site, Global Corporate Venturing.

Statespace, a US-based video game technique software producer backed by media holding company WndrCo, has secured $29m in a series B round led by venture capital firm Khosla Ventures, TechCrunch has reported.

The round also featured VC firm FirstMark Capital, which had participated in a $15m series A round for the company in May 2020 that was also led by Khosla Ventures and which included June Fund, Expa and Lux Capital.

Founded in 2017, Statespace has built a software platform called Aim Lab where gamers can hone their skills through training environments intended to assess their visual accuracy.

Customers run the software through computer game marketplace Steam and are able to practice in a sandbox environment that replicates the way their chosen game is controlled.

The series B cash will go to expansion as Statespace aims to capitalise on growth in the wider gaming industry. It currently has about 5 million registered users and 1.5 million monthly active users, according to TechCrunch.

The May funding followed a $2.5m seed round in August 2019 led by FirstMark and backed by WindrCo, Expa and Lux, adding to $1.5m in earlier funding from investors including Joyance Partners and Social Starts.