Pragma raises $12.75M for backend game engine for live services games

Pragma, a backend game engine empowering studios to build scalable, live-service games, said it has raised $12.75 million in strategic funding raising. Pragma‘s funding included participation from the industry’s top venture firms and Square Enix, a global leader in game publishing and development. The new investment brings the company’s total funds raised to over $50 million. Los Angeles-based Pragma was founded by engineering veterans who built platforms for some of the largest live service games, including League of Legends and Destiny 2. The Pragma engine powers matchmaking, analytics, monetization, player data, and more, allowing developers to hone their creativity toward building games while offloading the complexity of building a stable multiplayer game infrastructure. Studios like Gardens Interactive, People Can Fly, Frost Giant Studios, Square Enix External Studios and more use Pragma to power their games. “This investment aligns with our commitment to support innovation an ... Read full article.