Scriptic raises $5.7M for user-generated games using generative AI
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Scriptic (formerly known as ElectricNoir) has raised $5.7 million in funding to create games based on generative AI, including Scriptic: Crime Stories.
It’s the second time in a year that the company has raised money, and that tells you that generative AI is hot in gaming despite the general economic slowdown.
The London-based studio is developing a dynamic catalog of interactive phone-first shows and creative applications of generative AI in entertainment. Bitkraft Ventures led the second round of investment, with participation from Tower 26 and the Amazon Alexa Fund, as well as additional and returning investors.
The funding brings the company’s total seed round to $8.2 million, following an initial investment of $2.5 million from Vgames, Moonfire, and angel investors including Unity founder David Helgason and Twitch co-founder Kevin Lin.
The investment will be used to develop and significantly expand Scriptic’s content pipeline, and onboard a community of external writers to the company’s AI-led creator service to build, share, and monetize their own stories. The company previously created a horror game, Dark Mode, where the narratives for new horror scenarios were created by generative AI and human players.
Scriptic was founded by Nihal Tharoor (CEO) and Benedict Tatham (Chief Creative Officer), who saw a latent opportunity in the entertainment space: immersive, phone-first interactive shows that sit at the intersection of film and games, and put audiences in control of the action. The company’s phone-first approach makes content efficient to produce, easily scalable, and highly accessible to consumers.
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