New York-based, cloud-focused content creation platform Allstar.gg announced Tuesday that it has raised $12M USD in a new Series A funding round led by Columbus-based venture capital firm Drive Capital.
Including this new Series A funding round, Allstar.gg has raised $18M to date from investors including Drive Capital, Mark Cuban, members of the New York Angels, Studio VC, J-Ventures, Overwolf, and gaming investors from Twitch, Zynga, and Blizzard.
The company said in a release that it will use these funds to “accelerate product development and increase the adoption of its proprietary technology across new partnerships, and additional game and game developers.” The company’s platform currently enjoys 11.3M users and “has driven over a quarter-billion views through shared gameplay clips.”
Allstar.gg uses server-side game data to create videos clips in the cloud. These clips can then be synchronized to music, customized using video elements like camera angles and in-game assets, and apply advanced 3D filters. The company says that this approach helps streamline the video editing process and enables the rapid deployment of content across multiple platforms.
Allstar’s technology currently supports Counter-Strike 2, Dota 2, League of Legends, and Fortnite, with plans to add additional games such as Rocket League and PUBG: Battlegrounds in 2024. The company was founded in August of 2019 by former pro-gamer Nick Cuomo (who serves as CEO) and Gavin Silver (who currently serves as chief technology officer).
For more information check out allstar.gg.