Gaming Tech Company Pentanet Raises $20m For Cloud Boost – channelnews

Perth-based telco Pentanet has garnered funding commitments to boost $20 million in a bid to launch a gaming service that faucets into the cloud to supply the processing energy of a high-end gaming PC on nearly any machine, the corporate stated.
The launch of GeForce NOW Powered by Pentanet coincided with the disclosing of a beta model of its personal CloudGG portal, which it describes as a “full gaming expertise” with 50,000 quests accomplished by customers inside its first week of launch.
Following an IPO earlier this yr, founder Stephen Cornish stated Pentanet has grown its subscriber base by 20pc and netted a 15-year licence for top band 5G spectrum in an Australian Communications and Media Authority (ACMA) public sale.
“It is an funding Pentanet believes will result in vital benefits for the community and an accelerated deployment of Terragraph know-how in Pentanet’s ‘Project Gigalink’,” Cornish stated.

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