TechTaffy

tech:

taffy

Spanish Social Games Developer Social Point Raises $7.4 Million

By TechTaffy Desk

[Techtaffy Newsdesk]

Social Point, a social games developer based in Barcelona, has closed a Series B financing round of $7.4 million led by Idinvest Partners, with participation from other funds including BBVA and existing investor Nauta Capital.

Founded in 2008 by Andrés Bou and Horacio Martos, co-CEOs of Social Point, and Marc Canaleta, CTO, Social Point has over 15 million monthly active users as of June 2012. The company launched a number of  social games on Facebook in the last 18 months, including Social Empires, Social Wars and Dragon City, accumulating over 13 million monthly active users.

Social Point completed a first round of financing in June 2011 with Nauta Capital for $3.4 million.

[Image Courtesy: Social Point]

Just in

Industry

Tech giants urge EU to prioritize digital competitiveness and infrastructure investment

Five major technology companies - Ericsson, IBM, Intel, Nokia, and Vodafone - called on European policymakers to take urgent action to boost Europe's digital competitiveness and keep it a priority for the incoming European Commission.
AI

Intel’s neuromorphic system has neuron capacity of an owl’s brain

Intel says it has built the world's largest neuromorphic computing system called Hala Point, that has the neuron capacity roughly equivalent to that of an owl brain.
AI

AMD launches AI chips for business PCs

AMD has announced new Ryzen PRO 8040 Series mobile processors and Ryzen PRO 8000 Series desktop processors with AI capabilities.
AI

Adobe previews generative AI features in Premiere Pro

Adobe has previewed generative AI features within its video editing software, Adobe Premiere Pro, aimed at streamlining video creation and production workflows.
AI

Covered California implements Google Cloud’s AI solutions

Covered California, California's health insurance marketplace, has announced that it will use Google Cloud's AI solutions to simplify the process of providing health insurance to California residents.