Jabali Raises $5 Million in Seed Round
Jabali, a San Francisco, CA- and Raleigh, NC-based AI company advancing game engines, raises $5 million seed funding.
The round was led by BITKRAFT Ventures, with backing from Sapphire Sport, Sony Innovation Fund, Canonical Ventures, and tech industry angels.
Founded in 2015, BITKRAFT Ventures is a venture capital firm based in San Francisco, California. It operates four venture funds with a total of over $830M in assets under management and has over 100 companies in its global portfolio as of August 2022. The firm prefers to invest in game developers, gaming platforms, gaming-related technology, web3, e-sports, virtual reality, augmented reality, blockchain applications, and interactive media sectors.
The company will use the funding for team expansion, model refinement, and product launch acceleration.
Founded in 2023 by Vatsal Bhardwaj, Jabali is building an AI-native engine to empower visionaries, game designers, and developers. Jabali will offer a comprehensive, easy-to-use, engine to create games and interactive experiences. Its mission is to democratize creation and bring innovation to video games.
Funding Details
Company: Jabali
Raised: $5.0M
Round: Seed Round
Funding Month: March 2024
Lead Investors: BITKRAFT Ventures
Additional Investors: Sapphire Sport, Sony Innovation Fund, Canonical Ventures
Company Website: https://www.jabali.ai/
Software Category: Video Game