Although financial terms of the transaction are not disclosed, the new purchase will accelerate the current use of AI and machine learning technology in King’s gaming platform. With this investment, it aims to continue to develop AI and machine learning capabilities to enable a new generation of innovative game design, development and live operations capabilities and to become a hub for the best global talents in gaming AI.
Tjodolf Sommestad, President of King, said, “Machine learning technology is evolving rapidly, and by increasing our investment in this area, we plan to deliver even more creative content to our 250 million monthly gamers around the world. Peltarion will help us serve our players even more effectively with more engaging games and content. It’s one more step towards our mission to make the world fun.
Founded in 2004 by Luka Crnkovic-Friis and Mans Essenthe Swedish artificial intelligence software company and developer of a no-code machine learning operations platform, enables users to design, train and manage deep learning models in the cloud at large scale and quickly.
“This is a monumental chapter in the history of Peltarion. We are thrilled to be part of a great AI success story in the Nordics, especially with Stockholm at its base. We are impressed with King for being the leader. “One of the most successful Swedish technology companies and mobile game developers of modern times. The scale and reach of King, with iconic franchises like Candy Crush Saga, is a perfect match for our technology. Opportunities with AI seem to be endless, and we look forward to unlocking the potential of working together,” added Luka Crnkovic-Friis, CEO of Peltarion.