PANews reported on August 5th that, according to TechCrunch, Google's AI Futures Fund participated in an $8.5 million equity round, investing in STAN, a Singapore-based Indian social gaming platform. Aptos Labs, Bandai Namco 021 Fund, Square Enix, Nazara, King River Capital, General Catalyst, and GFR Fund also participated in the investment.
STAN has raised a total of approximately $15 million so far and has achieved 25 million downloads with 5.5 million monthly active users. The platform generates revenue through game victory rewards "Gems" and creator Club commissions, which can be exchanged for e-commerce vouchers like Amazon; nearly 80% of content moderation relies on AI, and the platform plans to leverage Google's technology to enhance generative tools and expand globally.
