Gaikai, a US-based cloud gaming company backed by semiconductor companies Intel and Qualcomm’s corporate venturing units, is reportedly eyeing a sale for more than $500m.
Gaikai has hired bankers for a sale, news provider Fortune said.
Last year Intel Capital and Qualcomm Ventures helped Gaikai raise $30m. That series C round was led by led by venture capital (VC) firm NEA. VC funds Benchmark Capital and Rustic Canyon Partners, also participated.
Intel also took part in Gaikai’s May 2010 series B round, which closed at over $10m, with TriplePoint Capital, as well as Rustic Canyon and Benchmark also investing. Benchmark had previously led Gaikai’s $5m series A round in January, earlier the same year. Gaikai has raised more than $50m since inception in 2008.