Backbone raises $40m in Series A funding
Jeffrey Rousseau
Staff Writer
Wednesday 23rd February 2022
Today mobile game streaming platform Backbone announced that it has raised $40 million in a Series A funding round.
Company CEO Maneet Khaira said that the investment will go towards expanding its business operations and talent recruitment.
The funding round was led by Index Ventures, Roblox, Robinhood, Sonos and more. Sound Ventures, BoxGroup, and other investors participated as well.
Founded by Khaira and launched last year, Backbone allows consumers to play titles via cloud gaming services on their iPhone.
In 2021 the company also partnered with Microsoft and users can access Xbox games on their iOS devices via streaming as well.
"Similar to what television streaming services have done, Backbone is leveraging the lightning speeds of 5G and thoughtful partnerships to optimize gaming worldwide," said Khaira.
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