UK-based Tangentix, which specialises in compressing gaming data for faster downloads, has received $2.1m.
Investors in the latest round include existing investor the Enterprise Ventures Group, which made the investment through its RisingStars Growth Fund II, UK tech investor ParkWalk Advisors, and Finance Yorkshire. To date, Tangentix has raised $3.1 million.
The Sheffield-based firm uses technology developed by Professor Hassan Ugail at the University of Bradford. The firm can compress a game’s data to around a third of its original size, facilitating faster downloads and therefore overcoming one of the biggest issues facing online game retailers. One example Tangentix gives is that it managed to compress Call of Duty: Black Ops II, one of 2012’s biggest selling games, to a size of 4.8GB down from 14.5GB without compromising graphical or data integrity in the game.
Tangentix chief executive Edward French said:
“The funding marks a major milestone for Tangentix as we work to implement our compression technology in multiple AAA titles and deploy a new paradigm for PC and Mac game discovery. We believe the growing size of games is a real challenge for publishers and gamers, and next week, we’ll be able to show the world what we’ve developed that addresses the problem and will get people playing traditional AAA games in new ways.”
Tangentix will be deomstrating the technology at the Game Developers Conference in San Francisco later this week.
