Lightspeed Venture Partners
Lightspeed Venture Partners business and news from across the web.
Latest coverage
Gardens Interactive, founded by veterans behind Journey and Sky: Children of the Light, raise over $35m in Series B funding round
Gardens Interactive, a studio co-founded by veterans behind Journey and Sky: Children of the Light, has secured over $35 million in a Series B funding round led by Lightspeed Venture Partners. This brings the company's total investment to over $70 million, with participation from several other venture capital firms and individual investors. The funds will support the development and ongoing evolution of their debut multiplayer game, Project Gardens, which focuses on social roleplay and player-driven worldbuilding.
Major investor is 'shocked and sad' that the games industry is 'demonizing' generative AI
A major investor expressed shock and sadness over the games industry's negative perception of generative AI, contrasting with the enthusiasm shown by big tech and venture capital firms. A recent GDC survey revealed that 52% of respondents believe generative AI is detrimental to the industry, with only 7% viewing it positively.
