The funding round includes backing from ForsVC and imec.istart to accelerate product development and European expansion.
"Arcanix is solving one of gaming’s most pressing challenges scaling LiveOps while staying true to players. The team’s deep industry expertise and bold vision make them an exciting partner for us."
The oversubscribed funding round will support the artificial intelligence startup as it opens its closed beta.
"Thanks to AI, scheduling doesn’t have to be so rigid any longer. Software can now adapt to us – our routines, our changes, and our painfully dynamic calendars."
The pre-seed round was led by the British Business Bank and the Games Angels to advance product development and drive commercial expansion.
"JECO was born out of the belief that if developers are given frictionless ways to improve and enhance their development processes, they can find quicker, cost effective routes to market, and can also start to play an important role in addressing wider environmental issues that may impact our industry in the future. I am incredibly grateful to all our investors for supporting us in our mission; to support developers in making positive behavioural changes through the power of technology."
The investment from Digital Catapult will enable the company to scale its customer base and drive supply chain resilience.
"Digital Catapult’s investment will enable us to grow our customer base in the UK and Europe as well as expand to international markets where there is growing demand and interest in our solution. The UK has long been a leader in manufacturing, but with increasing global competition, solutions like our SenseNCTM software will be critical to sharpening the country’s competitive edge and reshoring processes back into the UK. Our next step will be to invest further into direct sales and partnerships, where we hope to demonstrate the value of investing into deep tech, and how collaboration and partnership is key to long-term startup and sectoral success."
The funding round was led by YFM Equity Partners to support the firm in scaling its global operations.
"Brokers, MGAs and (re)insurers are rushing to tap the fast growing cyber insurance market as cyber risk is now one of the most pressing challenges for consumers and SMEs globally. While working with global banks, I saw how larger corporations were using expensive and complex enterprise-level software and services and wanted to put these in the hands of more people. DynaRisk bridges that gap for the insurance sector, helping them protect their policyholders with industry-leading threat intelligence backed risk management and underwriting software, along with cyber incident response services. YFM quickly understood our vision and their support will be critical as we scale globally and continue to evolve our platform to meet growing demand."