Streaming tech firm Polystream raises $1.5m in seed funding

Polystream, a firm that specialises in games-streaming technology, has successfully completed a round of seed funding to the tune of $1.5m.

The company is staffed by former OnLive, Criterion and Lionhead staff, and aims to create a “pixel perfect, massively scalable, HD streaming solution” for video games and 3D apps.

The latest funding for the firm was invested by London Venture Partners and Initial Capital.

CEO Bruce Grove (pictured), who previously ran OnLive, said: “We are transforming the world of ordinary linear video into an extraordinary interactive experience; completely redefining both the technology and the business of application streaming. 

“Having the backing and support of London Venture Partners and Initial Capital shows huge confidence in what we’re achieving, and we’re incredibly excited to be working with these great partners. 

“We’ve already been out across Europe and the US demonstrating the potential of Polystream, and the response has been outstanding – this is the evolution of cloud gaming that everyone has been waiting for.”