Croquet Launches Live Collaborative Development Platform for Next Generation Apps and Games for 5G and AR

THE ANGELS–(BUSINESS WIRE)–Croquet Corporation today announced the release of its transformational platform for developing Live Collaboration apps and games. The company has raised $2.7 million in seed funding, including $2.0 million from SIP Global Partners (SIP GP) to introduce the platform to developers in key market segments.

Developers can sign up for the Croquet Software Development Kit (SDK) today at https://croquet.io.

Croquet’s revolutionary software is powered by a global edge reflector network optimized for co-deployment with 5G modems that will foster a new generation of shared, interactive and collaborative experiences. Croquet’s unique benefits include ultra-low latency; simple and fast programming; huge scalability; cheaper bet; encrypted security and user anonymity.

“Live Collaboration is the key to a new generation of applications and games,” said David A. Smith, founder and CEO of Croquet. “Croquet will unleash a wave of innovation that will define massive new markets as the 5G and augmented reality markets become mainstream around the world.”

“We are excited to support David and his remarkable team in the dawn of 5G, AR and other groundbreaking technologies,” said Shigeki Saitoh, General Partner of SIP Global Partners. “Croquet is a foundational company for a huge new market.”

Croquet is a perfect fit for multiplayer game developers. What each player does directly affects every other player on every device worldwide. Croquet will also have an impact on enterprise markets, going well beyond today’s shared productivity, communication and messaging applications to enable live collaboration between thousands of users, including complex 3D environments.

“Today, we’re working with clients to enable Live Collaboration with Croquet in areas such as video editing and layout, animation and motion graphics, AR and VR collaboration games, presentation and brainstorming software, social networking, end-user languages, and much more” said Smith.

David A. Smith, CEO of Croquet, has been building products and businesses for more than 30 years, with a focus on real-time 3D for games and enterprises, including Wearality, Virtus, Red Storm Entertainment and Gensym. He is a former Chief Innovation Officer and Senior Fellow at Lockheed Martin. Croquet’s team of world-class developers originally came together as part of Y Combinator Research’s Human Advanced Research Community (HARC) with Alan Kay, widely regarded as the father of the personal computer and a key Croquet consultant.

About Kroket

Croquet Corporation is a software and systems development company dedicated to creating live, collaborative, interactive experiences at scale, as well as the tools and technologies other developers need to innovate on the frontier of Live Collaboration games and applications.

About SIP Global Partners (SIP GP)

SIP GP is a performance fund with a strategic focus on market expansion and value-added investments in high-growth technology companies. Based in New York, Tokyo, Riyadh and Boston, the fund uses its team and experience to accelerate international growth for portfolio companies in top markets with insufficient entry points, including Japan, ASEAN and GCC. The fund’s target sectors include 5G Applications, AI, Big Data, Edge Computing, Smart Cities, Robotics, IoT, Digital Media, Cybersecurity and Digital Health. Geographically, the fund will invest primarily in US companies, with secondary exposure to Europe, Asia and the Middle East. SIP GP’s limited partners include Global Tech 50 corporates and top-tier family offices.

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