Gaikai grabs $5m in funding

A filing with the US’ Securities and Exchange Commission has revealed that upcoming cloud gaming service Gaikai has received $5m in investment.

The document also revealed that the business, backed by veteran designer Dave Perry, has former EA and Jamdat exec and current Benchmark Capital investment guru Mitch Lasky on board as a director – suggesting Benchmark is the VC firm stumping up the cash.

Gaikai reps have not yet commented on the actual filing, except to confirm its existence.

The full story can be found on Develop.

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