Connect with us

Press Release

Forte Closes Additional $725 Million in Funding to Extend Its Lead in Building a Compliant, Interoperable Blockchain Gaming Platform

Published

on

Forte Closes Additional $725 Million in Funding to Extend Its Lead in Building a Compliant, Interoperable Blockchain Gaming Platform

Business Wire India

Forte, a leading provider of blockchain solutions for game publishers, announced today that it has secured an additional $725 million in financing, closing its Series B. The Series B was led by Sea Capital and Kora Management with further support and funding from powerhouse game and media publishers including Animoca Brands, Big Bets (Huuuge Games), Overwolf, Playstudios, Warner Music Group, zVentures (Razer), and blockchain partners Cosmos, Polygon Studios, and Solana Ventures, as well as investors including Griffin Gaming Partners, Andreessen Horowitz (a16z), and Tiger Global.

 

Forte’s platform allows game publishers to easily integrate blockchain technologies into their games, enabling features such as seamless, embeddable token wallets, non-fungible token (NFT) minting and selling, payment rails, and other services built specifically for blockchain token economies and the management of digital and virtual assets. In blockchain-enabled games, players can truly own goods, rather than making pure entertainment expenditures. Players around the world can freely trade goods and services with each other, and can participate in community economies that reward creativity, collaboration, and skill. These new systems provide game players and communities all around the world with new creative and economic opportunities.

 

“Over the past 50 years, games have undergone seismic shifts in their business and revenue models, becoming more aligned with players at every turn,” said Forte co-founder and CEO Josh Williams. “First there were arcade games, where players had to essentially pay per minute of play. Then came home console and PC games, where gamers could play as much as they want after paying once. Next, games moved online and the free-to-play (F2P) model allowed gamers to play even AAA games as much as they want for free, with only optional in-game / in-app purchases. The games industry has grown at each turn as it aligns more and more closely with players, and today it is the largest form of entertainment globally—larger than film and music combined—with nearly $180 billion in annual revenue. We believe we are at the forefront of a new technological wave, and blockchain gaming will be even bigger than all the shifts we’ve seen before. Forte’s mission is to prepare all game developers, big and small—whether you already have a AAA title with millions of players or you are building a blockchain game from the ground up—to be successful in this new landscape.”

 

Forte provides game publishers built-in compliance and security products, ensuring global frameworks for regulated activity including money transmittal, anti-money laundering, tax compliance, and IP protection in order to protect both players and publishers’ businesses and intellectual properties. Another unique benefit Forte enables for publishers is its customizability and interoperability with multiple blockchains. Many Forte partners start off with Forte to introduce NFTs and other tokenized assets both inside and outside their core games and apps, then graduate to long-term business models and revenue streams through in-game economies and player-to-player marketplaces, eventually connecting to Layer-1 and Layer-2 blockchains, providing freedom of choice and maximum liquidity for their players.

 

“Forte has incredible traction in the gaming space, due in part to the robustness of its technical and compliance solutions,” said Daniel Jacobs, Kora Capital’s founder. “We partnered with Forte because of its ethos of building a platform that is simple to integrate without limiting developer flexibility or control, building for the long-term, solving scalability challenges that limit transaction throughput on blockchains today, mitigating high latency and costs associated with blockchain transactions, as well as future-proofing with blockchain portability and cross-chain interoperability. Publishers can grow their businesses with new, innovative technical solutions, and business models. Players are now able to truly own their in-app purchases and virtual goods. This is a win for the entire ecosystem.”

 

Forte platform status:

 

Currently invite-only and in private testing.
40+ game developer partners.
15M+ players across partner games.

LionTree has served as exclusive financial advisor to Forte this year, bringing its global strategic relationships to Forte as the company continues to accelerate growth. In May, Forte raised $185 million in its Series A, at a $1 billion valuation, led by Griffin Gaming Partners. Today’s announcement brings Forte’s total capital raise to more than $900 million in 2021.

 

About Forte

 

Forte is building economic technology for games. Its end-to-end platform enables the emergence of community economics, a system where the interests of game developers and players are aligned, leading to healthier, sustainable game communities. The team is composed of longtime industry members (Unity, ngmoco, Riot Games, Electronic Arts, Sony, and Rockstar Games, among others), and is currently working with over 40+ acclaimed game developers from across the industry to reimagine the economics of games. www.forte.io

 

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20211112005457/en/

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Press Release

Orbital Insight Integrates with Esri’s ArcGIS Platform to Streamline Satellite and Sensor Imagery Analysis

Published

on

By

Orbital Insight Integrates with Esri’s ArcGIS Platform to Streamline Satellite and Sensor Imagery Analysis

Business Wire India

Orbital Insight’s fusion of multisensor geospatial data and state-of-the-art algorithms has been helping customers address critical concerns for years—from determining the flow of container ship traffic amid unprecedented supply chain delays to visualizing dynamic intelligence and defense-related threats and anomalies across the globe. With the adoption of Esri’s ArcGIS Platform, Orbital Insight is making it easier for its users to integrate with ArcGIS and analyze their data.

 

Customers of Esri, the world leader in location intelligence, who also use Orbital Insight GO can now seamlessly work between both systems, making it easier to meet spatial challenges with Esri basemap visualizations directly within the Orbital Insight GO platform and export their analysis to ArcGIS.

 

The integration with Esri’s ArcGIS Platform provides an integral reference point for analysts as well as a more cohesive and natural user experience. More collaboration is planned, including eventually incorporating Esri’s geocoding technology into Orbital Insight GO.

 

“We are proud to share with Orbital Insight the common goal of helping people make important decisions on a worldwide scale by taking a geographic approach,” said Jack Dangermond, Esri founder and president. “It only makes sense to make that process easier so our users can focus on what they do best.”

 

Orbital Insight, founded in 2013, uses artificial intelligence (AI) to synthesize multiple sources of geospatial data—including satellite images, mobile location, connected cars, and Internet of Things (IoT) devices—into a unified platform that can identify objects; detect anomalies; and observe changes in land use, infrastructure, and human activities across the globe.

 

Orbital Insight executives recently demonstrated the new streamlined user experience at the US Geospatial Intelligence Foundation’s annual GEOINT Symposium for industry professionals, showing the ease of importing and exporting data between Orbital Insight GO and ArcGIS.

 

“Making that seamless was a really big hit,” said Jens Tellefsen, senior vice president of product and design for Orbital Insight. GO is currently being deployed in top security military networks that have long used Esri software. Companies across commercial sectors, particularly real estate, financial services, mining, and consumer packaged goods, are also using GO to monitor changes globally.

 

“We serve similar and overlapping sets of end users, and our analysis is often combined and visualized in the ArcGIS system,” continued Tellefsen. “With our partnership, we have added ArcGIS basemaps in our application to provide a consistent user experience between Orbital Insight GO and ArcGIS. With our native ArcGIS data support, users can now easily add our analysis directly into ArcGIS with a few simple clicks, resulting in significant productivity improvement for geospatial analysts.”

 

The increasing customer overlap between the two companies was a primary driver for Orbital Insight to adopt ArcGIS Platform.

 

Learn more about how ArcGIS Platform can help users in all industries integrate location intelligence in their applications.

 

About Orbital Insight

 

Orbital Insight is the geospatial software and analytics company that helps organizations understand what’s happening on and to the Earth. Customers including Unilever, Airbus, RBC Capital Markets, The World Bank, and the U.S. Department of Defense use Orbital Insight’s self-service analytics platform to make smarter business decisions, build sustainable supply chains, and improve national security. For more information, visit www.orbitalinsight.com.

 

About Esri

 

Esri, the global market leader in geographic information system (GIS) software, location intelligence, and mapping, helps customers unlock the full potential of data to improve operational and business results. Founded in 1969 in Redlands, California, USA, Esri software is deployed in more than 350,000 organizations globally and in over 200,000 institutions in the Americas, Asia and the Pacific, Europe, Africa, and the Middle East, including Fortune 500 companies, government agencies, nonprofits, and universities. Esri has regional offices, international distributors, and partners providing local support in over 100 countries on six continents. With its pioneering commitment to geospatial information technology, Esri engineers the most innovative solutions for digital transformation, the Internet of Things (IoT), and advanced analytics. Visit us at esri.com.

 

Copyright © 2021 Esri. All rights reserved. Esri, the Esri globe logo, ArcGIS, The Science of Where, esri.com, and @esri.com are trademarks, service marks, or registered marks of Esri in the United States, the European Community, or certain other jurisdictions. Other companies and products or services mentioned herein may be trademarks, service marks, or registered marks of their respective mark owners.

 

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20211202005090/en/

Continue Reading

Press Release

ElegantJ BI Embedded BI Solution Is Named as a Representative Vendor in Gartner 2021 ‘Market Guide for Embedded Analytics’, Published October, 2021

Published

on

By

ElegantJ BI Embedded BI Solution Is Named as a Representative Vendor in Gartner 2021 ‘Market Guide for Embedded Analytics’, Published October, 2021

Business Wire India

Elegant MicroWeb is pleased to announce that its ElegantJ BI Embedded BI solution has been included as a Representative Vendor in the Gartner Market Guide for Embedded Analytics, published October 4, 2021 (ID G00748546).

CEO, Kartik Patel says, “We are proud to be recognized and included in the October 2021 Gartner Market Guide for Embedded Analytics. We feel that this recognition validates our team effort to continuously improve and upgrade our Business Intelligence and Augmented Analytics tools and solution and to provide cutting-edge technology in an intuitive interface designed for business users to support Citizen Data Scientist initiatives and data democratization.”
 
The ElegantJ BI Embedded BI tool is an easy-to-use tool designed to support business users and their use of embedded analytics within familiar enterprise applications, and to enable access to analytics and crucial, timely data for public websites and mobile applications.
 
“Our embedded BI tool is part of our Smarten Augmented Analytics solution, and is powered by the ElegantJ BI product,” says Patel. “The Embedded BI approach is designed to improve user adoption, lower TCO and improve ROI, and its integration APIs provide intuitive, self-serve BI tools from within enterprise applications to put the power of facts, data and business insight in the hands of business users.”
 
The ElegantJ BI Smarten Embedded BI solution is a crucial part of the Smarten augmented analytics suite and includes smart data visualization, assisted predictive modeling, natural language processing (NLP) and search analytics, with machine learning and many other sophisticated features.
 
Read more in the Gartner report: 2021 Market Guide for Embedded BI, published 2021, October, (Gartner Subscription Required)
Source: Gartner, Market Guide for Embedded Analytics, James Richardson, Julian Sun, Kevin Quinn, 4 October 2021
 
Disclaimer: Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization, and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

Continue Reading

Press Release

Bentley Systems Announces Winners of the 2021 Going Digital Awards in Infrastructure

Published

on

By

Bentley Systems Announces Winners of the 2021 Going Digital Awards in Infrastructure

Business Wire India

Bentley Systems, Incorporated (Nasdaq:BSY), the infrastructure engineering software company, today announced the winners of the 2021 Going Digital Awards in Infrastructure. The annual awards program recognizes the extraordinary work of Bentley software users advancing infrastructure design, construction, and operations throughout the world.

 

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20211202005219/en/

 

Bentley Systems Announces Winners of the 2021 Going Digital Awards in Infrastructure (Photo: Business Wire)

Sixteen independent jury panels selected the 57 finalists from nearly 300 nominations submitted by more than 230 organizations from 45 countries encompassing 19 categories. To see the Going Digital Awards in Infrastructure finalists present their projects, click here.

 

Bentley Systems showcased 19 Going Digital Awards in Infrastructure winners on December 2 during the 2021 Year in Infrastructure and Going Digital Awards virtual event. On the previous day at the virtual event, 22 Founders’ Honorees were recognized, representing organizations or individuals whose undertakings contribute notably to infrastructure advancement and/or environmental/social development goals.

 

The winners of the 2021 Going Digital Awards in Infrastructure are:

 

Bridges
New York State Department of Transportation
East 138th Street over the Major Deegan Expressway
New York City, New York, United States

 

Buildings and Campuses
Volgogradnefteproekt, LLC
High-tech Multifunctional Medical Complex
Yukki, St. Petersburg, Russia

 

Digital Cities
Hubei International Logistics Airport Co., Ltd., Shenzhen S.F. Taisen Holdings (Group) Co., Ltd., Airport Construction Engineering Co., Ltd.
Ezhou Huahu Airport Project
Ezhou, Hubei, China

 

Digital Construction
Clark Construction Group, LLC
SeaTac Airport International Arrivals Facility
Seattle, Washington, United States

 

Geotechnical Engineering
China Water Resources Beifang Investigation, Design and Research Co. Ltd.
Geological Survey of Water Conservancy and Hydropower Engineering
Tibet, China

 

Land and Site Development
Liaoning Water Conservancy and Hydropower Survey and Design Research Institute Co., Ltd.
Dongtaizi Reservoir Project
Chifeng, Inner Mongolia, China

 

Manufacturing
WISDRI Engineering & Research Incorporation Limited
Converter-based Continuous Casting Project of Jinnan Steel Phase II Quwo Base Capacity Reduction and Replacement Project
Quwo, Shanxi, China

 

Mining and Offshore Engineering
Polyus
Construction of the Blagodatnoye Mill-5
Krasnoyarsk, Krasnoyarsk Krai, Russia

 

Power Generation
Capital Engineering and Research Incorporation Ltd.
The World’s First 60MW Subcritical Blast Furnace Gas Power Generation Project
Changshu, Jiangsu, China

 

Project Delivery Information Management
Mott MacDonald Systra JV with Balfour Beatty Vinci
HS2 Phase 1 Main Civil Construction Works
London, United Kingdom

 

Rail and Transit
Network Rail + Jacobs
Transpennine Route Upgrade
Manchester/Leeds/York, United Kingdom

 

Reality Modeling
HDR
Diablo Dam Digital Twin Modeling
Whatcom County, Washington, United States

 

Road and Rail Asset Performance
Collins Engineers, Inc.
Stone Arch Bridge Rehabilitation
Minneapolis, Minnesota, United States

 

Roads and Highways
PT Hutama Karya (Persero)
Trans Sumatera Toll Road Project Section Serbelawan-Pematangsiantar
Pematangsiantar, Sumatera Utara, Indonesia

 

Structural Engineering
HDR and the PennFIRST Team
The Pavilion at Penn Medicine
Philadelphia, Pennsylvania, United States

 

Utilities and Communications
PowerChina Hubei Electric Engineering Co., Ltd.
Suixian and Guangshui 80MWp Ground-based Photovoltaic Power Project of Hubei Energy Group
Guangshui, Hubei, China

 

Utilities and Industrial Asset Performance
Canadian Energy Company
Asset Data Lifecycle Program
Fort McMurray, Alberta, Canada

 

Water and Wastewater Treatment Plants
Larson & Toubro Construction
Khatan Group of Villages Water Supply Scheme (Surface Water Treatment), UP, India
Khatan, Uttar Pradesh, India

 

Water, Wastewater and Stormwater Networks
Companhia Águas de Joinville (CAJ)
Contingency Plan to Ensure Supply in the Event of Drought (Joinville-Santa Catarina)
Joinville, Santa Catarina, Brazil

 

The students winning the Future Infrastructure Star Challenge are:

 

Judge’s Choice Winner
Elif Gungormus Deliismail
Mini-Modular-Plant for Digitized Sustainable Campus
Izmir Institute of Technology, Turkey

 

People’s Choice Winner
Rodman Raul Cordova Rodriguez
Innovative Dam and Hydroelectric Project
Pontifical Catholic University of Rio de Janeiro, Brazil

 

To view the project descriptions and access the images, visit the Going Digital Awards in Infrastructure webpage. Detailed descriptions of all nominated projects will be published in the print and digital versions of Bentley’s 2021 Infrastructure Yearbook in early 2022. To review the past editions of this publication, access Bentley’s Infrastructure Yearbooks.

 

Watch the executive sessions and the Going Digital Awards finalists’ presentations from the 2021 Year in Infrastructure and Going Digital Awards virtual event on-demand here.

 

# #

 

About Bentley Systems
Bentley Systems (Nasdaq:BSY) is the infrastructure engineering software company. We provide innovative software to advance the world’s infrastructure – sustaining both the global economy and environment. Our industry-leading software solutions are used by professionals, and organizations of every size, for the design, construction, and operations of roads and bridges, rail and transit, water and wastewater, public works and utilities, buildings and campuses, mining, and industrial facilities. Our offerings include MicroStation-based applications for modeling and simulation, ProjectWise for project delivery, AssetWise for asset and network performance, Seequent’s leading geosciences software portfolio, and the iTwin platform for infrastructure digital twins. Bentley Systems employs more than 4,000 colleagues and generates annual revenues of more than $800 million in 172 countries.

 

www.bentley.com

 

© 2021 Bentley Systems, Incorporated. Bentley, the Bentley logo, AssetWise, iTwin, MicroStation, ProjectWise, and Seequent are either registered or unregistered trademarks or service marks of Bentley Systems, Incorporated or one of its direct or indirect wholly owned subsidiaries. All other brands and product names are trademarks of their respective owners.

 

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20211202005219/en/

Continue Reading

Trending