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For the gaming industry around the world, the Lithuanian star Perfection.AI strives to create an innovative technological solution that, using artificial intelligence, will shorten more and more. one-third the game creation time, will significantly improve game productivity and content quality. The venture capital fund Open Circle Capital invested in the start-up a month ago, as well as business angels.
The total investment in the start-up is 80,000 Eur, of which 50 000 Eur are the funds of the Open Circle Capital venture capital fund and 30 000 Eur of angel investments. The initial investment will focus on stimulating the growth of the company and will test different uses of artificial intelligence in games.
"Perfection.AI" is the only starter in Lithuania, which connects artificial intelligence solutions to game development needs. "With the use of artificial intelligence, we want to automate the manual task of creating a game: game balancing, testing, level generation, personalization, intraday marketing and cross promotional advertising for games "- the exact co-founder of" Perfection.AI "and the director S. Vasytė.
"Artificial intelligence is one of the priority areas for the most powerful states and radars in the European Union." Unsurprisingly, this is also important for Open Circle Capital. of the Fund believed in what we wanted to do and gave us our advice almost a year before the financial investment itself.While during this period, we realized that the fund's approach towards start-ups coincided with our own values.Although the investment strategy of Open Circle Capital focuses on the start-ups of the later development phase, we believe that our vision Perfection.AI and our deep understanding The problem has led fund partners to make an exception and invest in the Pre-Seed phase.We are extremely pleased with such a strong partner, "said Vasytė.
According to the director and badociate of AC Milukas, the venture capital fund "Open Circle Capital" which invested in the start-up, the decision to cooperate with "Perfection.AI" convinced not only a commercial idea but also a motivated, professional and solid working relationship an experienced team, clear objectives and a concrete action plan, how these objectives will be achieved within the given deadlines. In addition, artificial intelligence is one of the priority investment areas of Open Circle Capital. So it is good that Perfection.AI is well prepared and does not know what type of partner it is looking for, but also what are the foundations. All of this means that we will work together for our success from now on. The injection of business angels will also significantly strengthen the starting positions, "said A. Milukas.
More than a year ago, after having evaluated and evaluated more than 530 Lithuanian companies in early development for 10 months, the venture capital fund accelerates its first investments in the most viable start-ups . This is the first investment of Open Circle Capital in Artificial Intelligence for the video game industry.
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