Funding Package For Electric Works Gaming Technology

A leading provider of advanced compression and distribution technology for 3D video games has secured £1.4 million in funding to support its growth in the video games industry fifa 14 free pc full.

Tangentix Ltd, based at the Electric Works in Sheffield, is gaining global recognition for offering publishers, gamers and operators of digital distribution systems a more compact product to increase download speeds translator for free.

Finance Yorkshire provided a total of £750,000 from both its Equity Linked and Seedcorn Funds. Other investors in the round included RisingStars Growth Fund II and ParkWalk Advisors autorennen spiele zum downloaden.

Tangentix, which currently employs ten staff, is now embarking on showcasing its new technology to the sector and debuted its latest innovations at the Game Developers Conference in San Francisco in March app on android.

Edward French, chief executive of Tangentix Ltd, said: “The funding marks a major milestone for Tangentix as we work to implement our compression technology in multiple AAA titles, and deploy a new concept for game discovery herunterladen. We believe the growing size of games is a real challenge for publishers and gamers, and so we can now show the world what we’ve developed that addresses the problem, whilst also providing a great new way for gamers to discover new games.”

Tangentix started as a spin-out from the University of Bradford in 2009, based on new algorithms to represent 3D objects tax forms for free. Since then, the company has developed a suite of tools and patents to cover different aspects of compressing all of the main components of a video game, including the 3D meshes, textures, sounds and video herunterladen. The result is that games are typically one third the size of the originals, whilst retaining the same high quality.

Darren Morris from Finance Yorkshire’s Equity Linked team added: “The global 3D video gaming market is huge and the technology Tangentix has developed represents a step change in downloading top quality 3D video games microsoft formel editor kostenlos. The company is in a strong position to exploit the global demand to download games.”

Ashwin Kumaraswamy from Finance Yorkshire’s Seedcorn Fund said: “Tangentix will transform the experience of discovering, buying and delivery of video game content, improving the gamer’s experience, while reducing the publishers’ costs of distributing video games excel spreadsheets for free. The funding from Finance Yorkshire’s Seedcorn and Equity Linked Funds is another example of how both can work together to provide the correct finance package a business requires to support its growth ambitions.”

what our clients say

This is a creative environment and the companies that work here dare to be a little different and are early adopters of innovative technologies. Location and the building’s striking appearance are significant plus points. I think the environment allows us to raise our game.

Kris Barry, Director, Six Architecture and Design.

Case Studies

Toffee Factory, Newcastle

Opened in December 2011, Toffee Factory began development in 2009 when Creative Space Management was appointed to undertake a preliminary feasibility study g code herunterladen. The company undertook further…

The Core, Newcastle Helix

Entrusted with developing the detailed business plan for a 5,000 sq m growth accelerator for spin-out companies from Newcastle University and for firms focused on science, technology and sustainability,…

Luminous Group

Luminous group, a collaboration of three sister companies – Digital Surveys, Digital VR and Digital Architecture, came to Toffee Factory in December 2011 women's day pictures for free. Moving…