AGEIA completes financing

Posted on Tuesday, October 04 2005 @ 23:20 CEST by Thomas De Maesschalck
AGEIA, the creator of the PhysX Physics Processing Unit (PPU), announced it was granted $27 million capital from Granite Global Ventures and Hercules Technology Growth Capital, along with current investors Apex Venture Partners, BA Venture Partners, CID Ventures, HIG Ventures, and VentureTech Alliance.

This fresh capital will help AGEIA to meet growing market demands for its AGEIA PhysX SDK.

"Since AGEIA introduced the concept of hardware physics last March, we have seen an outpouring of support and enthusiasm from the gaming community," said Scott Bonham, managing director at Granite Global Ventures. "In a market driven by user experience, AGEIA is well positioned for continued growth, and we're proud to have contributed to that success."

The AGEIA PhysX processor is the first and only dedicated physics processor on the market, and provides gamers with a much greater depth of physical interactivity than software-only physics. Developers and publishers who license the AGEIA PhysX SDK can create environments and effects that far surpass anything previously available in games.

About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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