15 August 2022, Philadelphia  — To bring the power of artificial intelligence (AI) to gaming and esports, Regression Games, the AI gaming and esports company, announced it has closed USD 4.2M in seed funding which was led by New Enterprise Associates (NEA) with participation from Andreesen Horowitz (a16z), BBQ Capital, Roosh Ventures, and various angel investors.

 In collaboration with already-existing games and game companies, Regression Games intends to use the additional funding to expand their engineering staff and quicken the creation of their initial platform for testing AI-driven gaming.

According to Aaron Vontell, founder and CEO of Regression Games:

“People like being able to use their technical talents to compete and earn prizes, and with the growth of AI, this is the perfect time to start bringing AI gaming to the masses. The use of neural networks to play games like Minecraft, Dota 2, and Atari games has been the subject of a lot of excellent work in machine learning. I aim to popularise those concepts and provide the public with a convenient setting where they may enjoy using and competing against artificial intelligence in video games.”

According to Rick Yang, General Partner and Head of Consumer Investing at NEA:

 “The expansion of gaming, combined with its huge overlap with the esports and programming communities, has produced a market poised for the collision of gaming and AI. We got to know Aaron through our investment in Instabase, and we’re excited to have him stay in the NEA Family and work with him as he realizes his vision for Regression Games to become a platform that provides opportunities for competition, instruction, and recreation for players of all skill levels. Regression has great potential to lead the way in the rapidly developing AI game industry.”

General Partner James Gwertzman of a16z continued:

“The idea that games are excellent incubators for innovative technologies that may eventually make their way into a variety of different businesses is one of the fundamental principles of our a16z games fund. Regression is a prime illustration of this. Making the construction of AI bots into a game is what Aaron is doing, and it’s not just entertaining in and of itself; it’s also likely to lead to the development of new frameworks for making AI bots that can be used widely outside of games.”

More about the startup:

Aaron Vontell, an MIT alumnus and former early engineer at the AI-powered automation company Instabase, created the business. Aaron has been working on low-code and no-code systems allowing non-technical users to leverage the potential of colossal machine learning models over the past few years. Before Instabase, he contributed to the creation of Battlecode. This MIT event brings together college students worldwide to design virtual bots and compete in video games.

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Kshitij does business research and content writing for VCBay. Pursuing BBA from Symbiosis Center Of Management Studies (SCMS) Pune, he is skilled in Financial Modeling, Stock valuation and Microsoft Excel. He is passionate about Entrepreneurship and Finance.


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