OnLive Raises Series C Round from AT&T, Warner Bros. and Others
OnLive, the gaming company trying to reinvent the Games On Demand service, has announced a Series C round of venture financing from AT&T Media Holdings, Inc., Lauder Partners, Warner Bros., Autodesk, and Maverick Capital. Warner Bros., Autodesk and Maverick Capital have participated in previous rounds of financing as well. OnLive did not disclose the size of financing.
OnLive has been working on the launch of its cloud-based OnLive Game Service, which delivers the latest games instantly through the MicroConsole TV adapter. Unveiled in March at the 2009 Game Developers Conference, the OnLive Game Service recently went into beta testing and is speculated to officially launch this winter.
Palo Alto-based OnLive raised $16.5 million in previous funding.
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