Statespace, a New York-based gaming performance analytics company has announced that it has raised US$ 29M in Series B funding led by Khosla Ventures held in November 2020. This investment comes six months after the announcement of a US$15 million Series A funding, which was also led by Khosla, with participation from FirstMark.
The company has jumped from 2 million registered users and 500,000 monthly active users in May to 5 million registered users and 1.5 million monthly active users this month.
Founder and CEO Wayne Mackey described this investment as pre-emptive as the company experiences a growth spurt along with the broader gaming industry.
Statespace, which was launched out of stealth, with a product called Aim Lab. Aim Lab runs on Steam and reproduces the physics of popular video games to give users a training environment to practice their aim. Also, Aim Lab was developed by neuroscientists to measure visual acuity and gives users knowledge about their strengths and weaknesses.
The company also has plans to launch a product called The Academy, which lets users subscribe for courses that are taught by top streamers and players. These players include KingGeorge for Rainbox Six Siege, SypherPK for Fortnite, Valkia for Overwatch, Drift0r for CoD and Launders for CS:GO.
The tech behind Aim Lab can be applied to many use cases in the gaming world. For one, pro esports organizations don’t always have the type of data they want to make decisions on roster formation, recruiting, etc. Statespace has partnered with the Pro Football Hall of Fame to develop a “Cognitive Combine,” which can provide players with an overall score based on a wide range of skills outside of any specific game.
This technology can also be used in medical applications. The company has applied for a grant with many universities to research on a commercial application for stroke rehabilitation, and ha faith that its tech can be used to help in cerebral palsy rehabilitation.
About Statespace
Founded in 2017, it is a gaming startup that provides performance analytics and a range of tools for casual gamers and eSport athletes to maximize their potential. The company uses cognitive science and artificial intelligence to change the way humans improve. It was co-founded by Jay Fuller and Wayne Mackey. It has also grown its team to more than 40 people, and surprisingly around one-quarter of their employees do not have a college degree.
About Khosla Ventures
Khosla Ventures is a venture capital firm which was founded in 2004 by Vinod Khosla, Co-Founder of Sun Microsystems. The firm provides venture assistance and strategic advice to entrepreneurs working on breakthrough technologies in fields like environmentally friendly tech, internet, computing, mobile, and silicon tech.
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