The investment was led by SoftBank Vision Fund 2, with participation from Sony Interactive Entertainment and existing investors Galaxy Interactive and NetEase. Today's financing follows AccelByte's $10 million Series A which was led by Galaxy Interactive in August of 2021.

AccelByte is a massively scalable and extensible backend platform for live game services that helps creators focus on what matters most: making awesome games. The AccelByte Cloud platform powers lobby, friends, cross-platform matchmaking, cloud progression, and season pass, among other services. Founded in 2016, AccelByte was created by game industry veterans who have engineered online systems behind some of the largest platforms in the world, including Epic Online Store, Xbox Live, and EA Origin.