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Soteria AI Announces $5MM in Private Funding

HONG KONG & SAN FRANCISCO--(BUSINESS WIRE)--

Investment will accelerate development of the first AI assistant for gaming

Soteria AI, the company developing the first AI assistant for gaming, has secured $5MM in private funding from N5 Holdings, led by CEO and Chairwoman Princess Nouf bint Bandar Al Saud. The funding will drive the continued development of Natasha, Soteria’s AI assistant for amateur and semi-professional gamers.

“N5 is dedicated to tracking and supporting a diverse range of business ventures, including local and international companies,” commented Hazem Orabi, chief technical advisor, N5 Holdings. “We have been tracking a number of companies in the AI and machine learning sector and strongly support the development of Soteria’s AI assistant, Natasha. The gaming and eSports market has seen meteoric growth and we believe that it will continue to grow profitably and sustainably in years to come.”

Soteria is working closely with AI experts Aigo and innovation lab Axion Ventures to develop its AI assistant. It will release its first game next year, Rising Fire Battle Royale, soon to be available in Asia through Tencent’s distribution network. The game features a Fortnite-style battle royale arena, and the North American release will see players receive in-game assistance and support from Soteria’s AI support, Natasha.

“We are delighted to receive the support of the N5 team as we work to create the first AI assistant for gamers,” says William Nobrega, Founder of Soteria AI. “Princess Nouf bint Bandar Al Saud has taken a personal interest in the development of advanced AI and will be working closely with us, our partners, the Saudi government and the team at MIT to effectively bring a new form of life to our world.”

Soteria recently appointed COO and President Tim Carruthers to drive international growth, alongside CTO Eric Schneider and Chief Scientist Devon Nobrega, who will be ensuring the high technical pedigree of the project. The company is currently valued at $75MM, and the investment from N5 will help to increase this value as the project approaches the launch of its first AI-assisted game.

About Soteria

Soteria AI LLC is developing the next generation of artificial intelligence. Initially focused on supporting gamers across online multiplayer platforms, it is funding research into quantum, AI platform technology and biochemical computing. With offices in the US and China, it was founded in 2019 by William Nobrega, former Green Beret and serial entrepreneur.

View source version on businesswire.com: https://www.businesswire.com/news/home/20191204005717/en/