While the financial terms of the transaction remain undisclosed, the new buy will accelerate the current use of AI and machine learning technology in King’s game platform. With this investment, it aims to continue to build AI and machine learning capabilities to enable a new generation of innovative game design, development and live operations capabilities and becoming a hub for the world’s top talent in game AI.
Tjodolf Sommestad, president of King said: “Machine learning technology is moving quickly, and by increasing our investments in this field, we expect to deliver even more creative content to our 250 million monthly players across the globe. Peltarion will help us serve our players even more effectively with more engaging games and content. This is yet another step towards our mission of making the world playful.”
Founded in 2004 by Luka Crnkovic-Friis and Måns Essén, the Swedish AI software company and developer of a no-code, machine learning operations platform empowers users to design, train and manage deep learning models in the cloud at scale and at speed.
“This is a monumental chapter in Peltarion history. We are excited to be part of a big AI success story in the Nordics, especially with Stockholm at its base. We are impressed with King for being one of the most successful Swedish tech companies and mobile game developers of modern time. The scale and reach of King, with iconic franchises like Candy Crush Saga, is a great match for our technology. The opportunities with AI seem to be endless, and we cannot wait to unlock the potential of working together,” added Luka Crnkovic-Friis, Peltarion CEO.