There’s no scarcity of funding for brand spanking new and thrilling corporations that are specializing in offering a brand new experience for the customers. One such examples is the “mainstreamization” of eSports, with tournaments receiving as a lot guests as many mainstream sport events. That’s not all, as eSport streamers drove YouTube and Twitch to new heights when it comes to movies being generated and adopted.
Constructing on its launch in 2016, SLIVER.tv signed quite a few partnerships to convey their expertise into eSports. The corporate signed agreements and began streaming quite a few events, bringing manufacturers corresponding to DreamHack, ESL One and Intel Excessive Masters. Their give attention to Counter-Strike: International Offensive (CS:GO) and League of Legends proved to be a profitable mixture, as the corporate grew in size and variety of viewers. The corporate claims a number of hundred thousand users watching over 50 million minutes of quite a few eSports streams – in simply the previous few weeks.
As all seed cash involves an finish, SLIVER.television wanted funding to gas its progress, wanted with a purpose to convey a 360-degree view of eSports to the widest viewers. The corporate simply acquired a 9.eight million Collection A spherical from newly discovered companions with an various portfolio: Danhua Capital (content material), Heuristic Capital Partners (hardware) and ZP Capital (actual property). This mix obrings the overall variety of funding to $17.5 million, together with gamers such because the DCM, Samsung Subsequent Fund, Sierra Ventures, Sony Innovation Fund and VR Fund. The buyers don’t have only a monetary clout – presence of Samsung and Sony assures SLIVER.television will come to their VR platforms in a a lot greater type than it’s as we speak. GearVR and PlayStation VR characterize two main VR platforms when it comes to market share.
“I’m thrilled to welcome Danhua Capital, Heuristic Capital Partners and ZP Capital to the SLIVER.tv family. Our platform today enables our global fans to connect and truly experience eSports in a whole new perspective.” mentioned Mitch Liu, co-founder and CEO of SLIVER.television. “We’re on the cutting edge developing the next-generation live streaming technology, and this new funding will accelerate our R&D investments in machine vision, artificial intelligence and virtual reality.”
“We are very excited to partner with SLIVER.tv. Mitch and his team are fundamentally transforming the live spectator experience for global eSports fans with their patented video streaming technology.” mentioned Dovey Wan, managing director of Danhua Capital. “Together with a new interactive engagement model, 360-degree eSports content, and a novel incentive model for streamers, tournament organizers, and eSports fans, we firmly believe they are ready to disrupt the industry with their next-gen multimedia entertainment platform.”
Provided that SLIVER.television commented on how their viewers spent over 500 million virtual cash by “actively participating and engaging with live esports matches”, we’d not be shocked if the Collection B spherical of funding will get changed with a ICO (Preliminary Coin Providing), however that’s a minimum of a yr away, as Unikrn eSports betting platform came upon once they wished to allow their cash/tokens to the entire world (effectively… to regulated markets corresponding to USA, Singapore and Hong Kong).
The corporate additionally owns a patented virtual digicam array expertise, which “captures 2D games played on a PC such as CS:GO and League of Legends, and renders in real-time a fully immersive 360° in-world stream. It is analogous to placing the viewer or spectator inside the game and giving them courtside seats with VR. The company’s pending patents cover the automatic highlight and generation of key in-game moments utilizing machine vision and a new video encoding algorithm for non-concentric spherical projection for multi-resolution view.”