King, a leading interactive entertainment company for the mobile gaming industry acquires Peltarion, a premier artificial intelligence software business. Peltarion is a Swedish artificial intelligence (AI) software firm that has developed a no-code machine learning operations platform that allows customers to create, train, and operate deep learning models at scale and speed on the Cloud.
King aims to become a pioneer of game AI with Peltarion
The acquisition of Peltarion by King will speed up the company’s present use of AI and machine learning technologies in its game platform, which is a major area of continuous strategic development. With this investment, King hopes to continue building top-tier AI and machine learning skills and teams.
They hope to enable a new generation of innovative game design, development, and live operations capabilities, as well as becoming a global hub for game AI expertise.
We believe the talented Peltarion team, together with the powerful technology they have built, 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
Tjodolf Sommestad, President of King
Peltarion, situated in Stockholm, was founded in 2004 by Luka Crnkovic-Friis and Men’s Essén and is one of Sweden’s most well-known AI pioneers. Crnkovic-Friis and Essén will take on leadership responsibilities at King, concentrating on improving the company’s AI and machine learning capabilities while also contributing to Sweden’s AI community and long history of innovation.
Peltarion’s mission is to make AI more accessible and inexpensive to more people, and creating a platform where people can work with AI without needing data scientist expertise is one step in that direction.
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