SeaX Invests in Onibi to Disrupt MMORPG Market with Generative AI
SeaX Ventures, a leading deep-tech venture capital fund, has made a significant move in the gaming industry by investing in the seed funding round of Onibi, a game tech company poised to redefine the Massively Multiplayer Online Role-Playing Game (MMORPG) market.
The gaming sector has seen a surge in growth, driven by a younger demographic, an increasing number of female players, and a greater social acceptance of gaming. One of the most striking trends in this domain is the emergence of cross-platform games, which allow players to maintain a single account across multiple devices. This flexibility has led to a deeper integration of gaming into daily life, a trend that Onibi is uniquely positioned to capitalize on.
Onibi is developing a cross-platform MMORPG with a strong focus on User Generated Content (UGC). In this game’s vast virtual world, millions of players will have the opportunity to shape and customize their surroundings in real-time. This includes the ability to create vehicles and ingenious contraptions, adding a unique twist to how they interact with the game’s landscape. The integration of state-of-the-art Generative AI technologies will help players to effortlessly turn their most imaginative ideas into reality. Behind this ambitious venture stands a team of seasoned technology and gaming experts, each with an outstanding track record and world-class expertise.
Dr. Kid Parchariyanon, Founder and Managing Partner of SeaX Ventures, expressed his excitement about the investment: “Onibi represents a significant advancement in the gaming industry, combining the growing trends of MMORPGs and real-time UGC. Their innovative approach to game design, driven by data analytics aligns perfectly with our vision at SeaX Ventures. We believe Onibi has the potential to become a leading platform in the next generation of MMORPGs, and we’re thrilled to support them on this journey.”
“Working with SeaX Ventures marks a pivotal chapter in Onibi’s journey. Their investment is not just about financial backing; it’s about partnering with a visionary team that deeply understands technology’s role in reshaping industries. SeaX’s expertise and network in the Asian market will be instrumental as we look to expand our presence in the region. We are enthusiastic about this collaboration, as it aligns perfectly with our goal to bring our unique MMORPG experience to a wider, more diverse audience. Together with SeaX, we’re excited to unlock new possibilities and extend our innovative gaming platform to the vibrant and rapidly growing Asian gaming community.” — Benjamin Devienne, Founder and CEO of Onibi.
Other investors in the round include Octopus Ventures, Sequoia Scout, and top gaming industry veterans.
About SeaX Ventures:
SeaX Ventures, also known as Southeast Asia Exponential Ventures, is a venture capital fund that invests in early-stage companies poised to disrupt industries with “exponential” technologies. Partnering with our LPs, which include some of the largest corporations in Asia, we aim to accelerate the growth of our portfolio companies.
