Latitude Secures $3.3M from NFX, Griffin, and Album VC to Develop Infinite Storylines for Games Using GPT-3 Artificial Intelligence
New AI approach offers gamers immersive and unique experiences while reducing development time and costs by more than 100x
“We’re beginning to scratch the surface of the immersive gaming possibilities using next-generation AI,” said Latitude Co-Founder and CEO Nick Walton. “This funding will allow us to continue scaling our gaming platform, which includes growing our Latitude game development team by hiring more engineers and AI talent.”
Latitude, developer of the popular AI Dungeon game built on OpenAI’s GPT-3, has raised $3.3M in seed funding led by NFX with participation from Album VC, and Griffin Gaming Partners. The funds will be used to scale Latitude’s platform, enabling IP holders and the entertainment industry to build infinite storylines that have the potential to change the way we play.
The company’s platform accelerates game development from years to months for IP holders and allows for much smaller teams to build immersive game experiences, reducing costs from more than $100M to less than $100,000. This comes in an era of immense growth for the video game market, which is expected to grow to more than $200B by 2023.
“We’re beginning to scratch the surface of the immersive gaming possibilities using next-generation AI,” said Latitude Co-Founder and CEO Nick Walton. “This funding will allow us to continue scaling our gaming platform, which includes growing our Latitude game development team by hiring more engineers and AI talent.”
Latitude’s flagship AI Dungeon is the world’s first game to incorporate AI at the core of the user experience. While other AI gaming experiences are governed by simple, programmatic algorithms that control how characters in the game act with hand-written dialogue, Latitude’s uses the latest AI technology to create fully dynamic stories. This has enabled a truly infinite universe with characters that can respond intelligently to almost anything a player says or does.
Unlike traditional games, no two players’ games will be the same. AI Dungeon is not constrained by the limits of what has been pre-programmed. Players use their curiosity and imagination to co-create novel adventures from scratch with the AI engine. Since its introduction in late 2019, AI Dungeon has drawn more than 1.5 million monthly active users, as well as tens of thousands of creators.
“Latitude is revolutionizing how games are made, creating a whole new genre of entertainment gaming fueled by AI,” said James Currier of NFX. “The best AI minds and engineers are gathering there to produce games that the world has never seen before. Latitude is already by far the leading AI games company.“
“Having spent my entire career at the intersection of traditional and interactive media, it’s incredibly exciting to see the potential within the Latitude platform to upend the status quo,” said Peter Levin, Managing Director of Griffin Gaming Partners. “By democratizing game development with AI, Latitude is empowering anybody from the largest media entities to niche fandoms to create immersive gaming experiences.”
To learn more about Latitude and current job opportunities, please visit latitude.io.
About Latitude
Founded in 2019 as a hackathon project, Latitude is the world’s first truly infinite AI-powered gaming platform. Headquartered in Provo, Utah with employees across the U.S. and Canada, the company is the first to leverage OpenAI’s GPT-3 engine for developing open-ended game creation. By utilizing the latest in AI advancements, Latitude has enabled truly limitless storytelling and gaming experience. Its flagship AI Dungeon game has already drawn more than 1.5 million monthly active users and tens of thousands of creators. The firm is backed by top gaming and AI investors including NFX, Griffin Gaming Partners, and Album VC. For more information, please visit latitude.io.
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