Funds for Gaming Analyst and Testing Platform Helika

Toronto, Canada-based gaming industry analytics and infrastructure provider Helika has completed an $8m Series A funding round, for use in accelerating the launch of its AI-powered Game Management products.

Focusing both on traditional and web3 games, Helika provides an end-to-end suite of products focusing on advanced off-chain and on-chain analytics, web2 and web3 attribution, along with LiveOps and A/B testing products to drive studios' profitability. Its platform also provides tools for marketing and game management, allowing users to optimize game experiences to improve player engagement, retention and monetization.

Founded around a year ago by a team including Anton Umnov, Lucas Fulks and Cori Crohman, the firm has revenues of more than $1m and previously secured $4m in seed funding led by Diagram Ventures in Q1 2023.

The new funding round was led by Pantera Capital with participation from Sparkle Ventures, Diagram Ventures and Sfermion. Helika co-founder & CEO Umnov comments: 'In the last 12 months we have captured a dominant market share in the web3 gaming space under challenging market conditions. We are now ready to launch the next generation of AI-powered Game Management products to help our partners succeed. After our success in the US and Europe, we will continue growing our global footprint entering the APAC market. We are grateful for the vote of confidence from both our existing and new venture partners'.

Web site: www.helika.io .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.