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General Intuition raises $220m at $6.2B as game clips become training data for world-model AI

General Intuition raises $220m at $6.2B as game clips become training data for world-model AI

US-based frontier AI lab General Intuition has raised $220m at a $6.2B valuation, backed by Valor Equity Partners, Atreides, Seven Seven Six, Point72, Khosla Ventures, and General Catalyst. The valuation nearly tripled from $2.3B at its June announcement (Series A, $320m round). With the $133.7m Seed of ...

Kakao Games acquires ~40% of social casino developer ME2ON at 3.2x the market price

Kakao Games acquires ~40% of social casino developer ME2ON at 3.2x the market price

South Korea-based mobile games developer and publisher Kakao Games (KOSDAQ: 293490) is acquiring 39.56% of South Korea-based social casino and casual games developer ME2ON (KOSDAQ: 201490) for $72.1m (KRW 98.0B) through two transactions its board approved on Sep 15. It is buying 7,011,390 existing ...

Devolver Digital leaves AIM at £0.16 a share, five years after a £1.57 IPO, at ~0.6x revenue

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Devolver Digital leaves AIM at £0.16 a share, five years after a £1.57 IPO, at ~0.6x revenue

US-based indie games publisher Devolver Digital (AIM: DEVO) is leaving the London stock market. Shareholders voted 90% in favor of canceling the AIM listing from Sep 16, 2026. Alongside the vote, Devolver bought back 4.71% of its shares for $5.0m (GBP 3.7m). The founders, CEO Harry Miller, COO Graeme ...

Matrix Partners China has led a ~$446m Series B and B+ into VAST, maker of Tripo AI, in its fourth round of 2026

Matrix Partners China has led a ~$446m Series B and B+ into VAST, maker of Tripo AI, in its fourth round of 2026

China-based generative 3D AI company VAST, developer of the 3D asset generator Tripo AI, has raised ~$446m (~RMB 3B) in a Series B and Series B+ round led by Matrix Partners China, announced on Sep 1, 2026. The strategic investors are games publishers Perfect World (SZSE: 002624), 37 Interactive ...

Tencent has led an $18m Series B into W4 Games, founded by the creators of the open-source Godot Engine

Tencent has led an $18m Series B into W4 Games, founded by the creators of the open-source Godot Engine

Ireland-based game engine developer W4 Games has raised $18.0m in a Series B led by Tencent (SEHK: 700), with existing backers OSS Capital, Lux Capital, Naval Ravikant and Tobias Lütke’s family office. Announced on Aug 25, 2026, it includes a multi-year strategic partnership with Tencent to scale W4’s ...

Alibaba is divesting Lingxi Games to Trustar Capital in a deal valued at more than $1.5B

Alibaba is divesting Lingxi Games to Trustar Capital in a deal valued at more than $1.5B

China-based tech company Alibaba (NYSE: BABA) is divesting its full stake in China-based mobile games developer Lingxi Games to Hong Kong-based private equity firm Trustar Capital, according to an internal staff memo from Lingxi CEO Zhou Bingshu dated Aug 17, 2026 (independently reviewed by Reuters). ...

Kunlun Wanwei is selling Xianlai Huyu for $111m

Kunlun Wanwei is selling Xianlai Huyu for $111m

China-based games and AI company Kunlun Wanwei (SZSE: 300418) is selling 99% of Beijing Xianlai Huyu to Beijing Xinglan Huyu for $111.2m (RMB 750m), thereby exiting the mobile card-and-board games publishing business entirely. The business being sold is F2P digital mahjong and card games, not real-money ...

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General Intuition raises $220m at $6.2B ...

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Matrix Partners China has led a ~$446m S...

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General Intuition raises $220m at $6.2B as game clips become training data for world-model AI

General Intuition raises $220m at $6.2B as game clips become training data fo...

US-based frontier AI lab General Intuition has raised $220m at a $6.2B valuation, backed by Valor Equity Partners, Atreides, Seven Seven Six, ...

04 October 2026

Kakao Games acquires ~40% of social casino developer ME2ON at 3.2x the market price

Kakao Games acquires ~40% of social casino developer ME2ON at 3.2x the market...

South Korea-based mobile games developer and publisher Kakao Games (KOSDAQ: 293490) is acquiring 39.56% of South Korea-based social casino and ...

20 September 2026

Devolver Digital leaves AIM at £0.16 a share, five years after a £1.57 IPO, at ~0.6x revenue

PUBLIC OFFERING

Devolver Digital leaves AIM at £0.16 a share, five years after a £1.57 IPO, a...

US-based indie games publisher Devolver Digital (AIM: DEVO) is leaving the London stock market. Shareholders voted 90% in favor of canceling the ...

13 September 2026

Matrix Partners China has led a ~$446m Series B and B+ into VAST, maker of Tripo AI, in its fourth round of 2026

Matrix Partners China has led a ~$446m Series B and B+ into VAST, maker of Tr...

China-based generative 3D AI company VAST, developer of the 3D asset generator Tripo AI, has raised ~$446m (~RMB 3B) in a Series B and Series B+ ...

06 September 2026

Tencent has led an $18m Series B into W4 Games, founded by the creators of the open-source Godot Engine

Tencent has led an $18m Series B into W4 Games, founded by the creators of th...

Ireland-based game engine developer W4 Games has raised $18.0m in a Series B led by Tencent (SEHK: 700), with existing backers OSS Capital, Lux ...

Alibaba is divesting Lingxi Games to Trustar Capital in a deal valued at more than $1.5B

Alibaba is divesting Lingxi Games to Trustar Capital in a deal valued at more...

China-based tech company Alibaba (NYSE: BABA) is divesting its full stake in China-based mobile games developer Lingxi Games to Hong Kong-based ...