Cocos Technologies, a China-based game engine supplier active since 2010, recently revealed that it has raised $50 million in a Series B fundraising round to focus on development and expand beyond games. CCB Trust, a China Construction Bank affiliate, GGV Capital, and real-time communication solution provider Agora, a long-time Cocos partner, are among the investors.
History of the Platform:
Cocos is well known for its open-source, cross-platform 2D mobile game engine, although many feel that it has fallen behind in the 3D era. Last year, the Beijing-based firm added 3D capabilities to its engine to catch up. The Chinese firm isn’t seeking to compete with behemoths like Unreal or Unity; instead, it’s focusing on an underappreciated trend: the rebirth of HTML5 web games in China and abroad. It’s also branching out into non-gaming areas like online education and self-driving cars.
Because Cocos is free to use, it has raised funds through various methods, including giving help and tutorials to third-party developers, receiving cash from its Chinese parent Chukong, and hosting gaming industry events.
According to Stapley (Founder of Cocos), Cocos powers around 60% of China’s microgames. In Europe, where “people just enjoy playing games,” and in Southeast Asia, where many users “don’t have very excellent phones,” H5 games are “a lot easier to deal with than high-end new games,” the genre is gaining traction.
According to Cocos, its engine has serviced 1.4 million developers in 203 nations and regions worldwide. China is the company’s biggest market, followed by the United States and Russia. Its fastest-growing areas include South America and India
Cocos’ simulation technology has found new uses, just as Unity’s use cases have expanded into industries like architecture and aerospace. According to Stapley, Cocos’ engine has been used by many influential online education organizations to construct interactive online curriculum. Due to a non-disclosure agreement, Cocos cannot reveal the identity of the Chinese tech business that is employing its engine to develop sophisticated driving solutions and intelligent cockpits.
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