Data Compression Company Tangentix Raises $2.1 Million
Tangentix is a company that can compress video games by around 2-4x so that they can be downloaded faster by consumers. For example, Tangentix was able to compress games like Call Of Duty: Black Ops II from 14.5GB to 4.8GB and Kane & Lynch II from 7GB to 2.8GB. Tangentix has raised $2.1 million in funding.
Since typical broadband connections are around 3-4 megabits per second in the United States, downloading games can take hours (or days) to do so. This causes a direct loss in sales. Hassan Ugail, a professor at the University of Bradford in England, came up with the idea for the company when he researched the use of partial differential equations to represent 3D surfaces efficiently. Initially, he tested the technology to try and spot the face of terrorists in 3D images for security applications, but this did not work out well since some people have a face that are similar to terrorists. While working with a seed fund called EV Group, Professor Ugail learned that this same type of technology could be applied to video game compression.
According to VentureBeat, Tangentix makes it possible to compress games without requiring publishers and developers to use a software development kit (SDK), an applications programming interface (API), or other code. Tangentix compresses the game by re-encoding the data from a finished gold disc on their own servers. Then they give another gold disc to the publisher for normal distribution. The compression is high-definition so they do not have to sacrifice any graphics quality.
“The funding marks a major milestone for Tangentix as we work to implement our compression technology in multiple AAA titles and deploy a new paradigm for PC and Mac game discovery,” stated Tangentix CEO Edward French. “We believe the growing size of games is a real challenge for publishers and gamers, and next week, we’ll be able to show the world what we’ve developed that addresses the problem and will get people playing traditional AAA games in new ways.”
Today Tangentix has around 10 employees and is hiring more talent. Investors in this round include EV Group, RisingStars Growth Fund II, ParkWalk Advisors, and Finance Yorkshire Funds.