Game.tv raises $25 Million in Series A for eSports Tournament Platform

Game.tv has now secured $25 Million in Series A round of funding. The investment round was led by the Intel Capital.

Founded in 2018, San Francisco based Game.tv, offers an AI-based esports tournament platform. The company also offers an AI esports assistant Tourney.

The company announced its platform launch via Discord and tournament web app. The platform will allow players to set up and operate tournaments directly through the Discord app, Twitter, and Facebook, says the announcement.

Executive Opinion

CEO of Game.tv, Rosen Sharma, said, "AI is the key. In esports today, it is difficult to make money unless you are running large professional tournaments and events. Most tournaments run and make money from sponsorships, which exist only for the big events. AI doesn’t need to make money in order to host an event, thus enabling tournaments in communities at any scale so long as people are willing to participate."

Managing Director at Intel Capital, Arun Chetty, said, "When Game.tv’s platform crossed 10,000 tournaments in a short period of time, we sensed something big was going on here. As a big supporter of both esports and emerging technologies, Intel is always looking for ways to accelerate the adoption of esports. We believe that Game.tv has a unique vision and technology, and with this funding, they can gain a big piece of the esports market segment."

More on Latest Investment at Game.tv 

The company plans to use newly raised funds, the Discord bot, and the web app, to grow its mobile gaming communities via tournament sponsorships and additional plugins, and scale the development of its core product, Tourney.
Tournet layers on top of existing gaming communities, its AI learns about a community and adapts to it.

As of now, The Tourney is available for more than 60 games, and more games are kept on adding every week. The company also noted that hundreds of streamers and content creators with Discord servers have adopted Tourney to run thousands of tournaments directly in their communities.