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Newly Founded Blade Games Raises Millions

by Rainier on March 11, 2009 @ 12:18 p.m. PDT

Blade Games, formed last month, has secured an initial round of financing for $4 million from California Technology Ventures.

Blade3D is a revolutionary "all-in-one" game engine and authoring platform that enables every developer from the individual to the professional team to build their dream game. The innovative application removes the traditional barriers to success with its low-cost, highly robust tool set. The intuitive, easy to navigate interface seamlessly blends all disciplines of game creation, from artist to designer to programmer. The subscription-based technology works with Microsoft XNA game development platform, allowing for easy publishing to Xbox 360 and Windows. To assist with development, Blade3D's first-ever integrated asset Marketplace is designed to put "in-game" resources a mouse click away. Blade3D is available with price points of $14.95 per month for hobbyists and students, $29.95 per month for independent developers, and $99.95 per month for professional developers.

"We are pleased that California Technology Ventures shares our vision to create a new breed of integrated game development solutions and market place for everyone from the hobbyist to the professional game developer," said Tony Garcia, CEO of Blade Games. "Our teams, both here in Seattle and in China, have already begun to expand our offering."

"The global video game market has significantly grown in recent years, and we believe that innovation will continue to drive market success in the future. Having invested in the game space for many years we believe this business model can be game changing," stated Alex Suh, Managing Director of California Technology Ventures. "Blade Games offers such a remarkable solution that it will significantly expand the capabilities of the market by enabling a much lower cost to entry, which will in turn help to introduce new business opportunities and – more importantly – greater ideas for interactive entertainment to the lives of millions around the world."

"Blade Games is breaking down the barrier to entry even further by making XNA development easier than anyone could have imagined," said Tom Sperry, President of Blade. "With the resources the merger brings to the table, the newly formed company combines a value proposition for the industry that will fuel growth and creative ideas, which we think will be recognized as a gold standard in the foreseeable future."

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