Fallen Planet Studios, a well-known virtual reality (VR) gaming company based in the North West, has recently received a significant investment of six figures from River Capital’s AI fund. This substantial £500k investment will be used by the company to create new gaming titles that incorporate artificial intelligence (AI) as a core part of their workflow.
Established in 2013, Fallen Planet Studios is recognized as a pioneer in the VR gaming industry, with strong partnerships with major platforms like Sony and Meta (formerly Facebook). Their games consistently rank among the top 10 most downloaded VR titles ever.
The partnership with River Capital presents exciting possibilities for both Fallen Planet Studios and the global extended reality (XR) community. By exploring and adopting new technologies, the company aims to provide exceptional gaming experiences and services.
Integrating AI into the gaming industry has great potential for enhancing gameplay and player engagement. With the support of River Capital’s investment, Fallen Planet Studios plans to expedite the implementation of AI technologies in their game development process. This will involve improving their proprietary tools and using valuable player insights to enhance gaming experiences.
Fallen Planet Studios’ CEO, Alex Moretti, expressed enthusiasm, saying, “Exploring and adopting new technologies are fundamental to Fallen Planet Studios’ DNA. This strategic investment from River Capital will not only strengthen our commitment to innovation, but also enable us to benefit from the launch of new hardware from Meta and Apple.”
David Walters, director of River Capital’s AI fund, also expressed delight in supporting Fallen Planet Studios on their journey. He emphasized the significance of this investment in the upcoming release of the company’s gaming titles and the opportunity to leverage new hardware advancements.
The Liverpool City Region, where Fallen Planet Studios is headquartered, has become a thriving hub for the creative and gaming industries. With the presence of Sony and other major players, the region offers fertile ground for innovation and growth.
The legal counsel and support for the investment deal were expertly provided by Daniel Hayhurst of Brabners and Will Carlyle of Sheridans.
The integration of AI technology into the gaming industry is driving significant advancements and shaping the future of gameplay. Fallen Planet Studios’ collaboration with River Capital’s AI fund highlights their commitment to staying at the forefront of this transformative industry.
As the VR gaming landscape continues to evolve, the infusion of AI will undoubtedly lead to more immersive and interactive experiences. This investment not only enables Fallen Planet Studios to unlock new possibilities, but also reinforces the Liverpool City Region’s reputation as a hub for creative and gaming ventures.
Supported by River Capital, Fallen Planet Studios is well-positioned to push boundaries and deliver cutting-edge gaming experiences to the global XR community. The combination of AI and VR is set to redefine how we engage with virtual worlds, offering gamers a glimpse into the future of interactive entertainment.
In conclusion, the partnership between Fallen Planet Studios and River Capital’s AI fund marks an exciting chapter in the evolution of VR gaming. As both companies harness the power of AI, gamers can expect a new era of immersive gameplay experiences that push the boundaries of what is possible in the virtual realm.