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Tuesday, May 14, 2013
Samsung Invests In Cloud Gaming Company

Samsung Ventures, the venture capital arm of the Samsung Group, has invested in Ubitus, a Taipei-based company of cloud gaming solutions.

Ubitus said that is has raised over $15 million cash from multiple international investors including Samsung Ventures for further spearheading the push of cloud gaming.

Since its first cloud gaming deployment in Japan in September 2011, Ubitus has been deploying commercial cloud gaming services with top-tier carriers and OEMs spanning across the United States, Japan, South Korea and mainland China (including Hong Kong).

"We are delighted that leading investors like Samsung Ventures shares Ubitus' conviction that making video games playing as accessible as the movie and music streaming services nowadays can forever change the way people enjoy games in the past 20 years," said Wesley Kuo, CEO of Ubitus.

Ubitus plans to build new gaming experiences with more instant and social features expected to roll out in Q3 this year.

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