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emptyvessel Expands DEFECT Game Development with Series A Close

emptyvessel Expands DEFECT Game Development with Series A Close

June 12, 2025 Craig Etkin

NCSOFT-Led Round will Facilitate Single-Player Support and Bring the Immersive Objective Shooter to Console, Alongside Enhancing the Studio’s Remote Work Infrastructure

AUSTIN, Texas–(BUSINESS WIRE)–Independent games studio emptyvessel today announced the close of its initial Series A, which in addition to an earlier undisclosed seed round, puts the total raised amount at $11 million. The new funds will fuel ongoing development of the studio’s inaugural title, DEFECT and expansion of the team. The Series A lead investors include NCSOFT and 1AM Gaming, along with Black Phoenix Games, Anurup Joseph, and Sebastiaan Hejne as well as initial investors Sisu Game Ventures, Raptor Group, and Compute, reflecting confidence in DEFECT’s development and fan enthusiasm. The game’s debut trailer has attracted over 1.9M views on YouTube and work continues to progress towards a future gameplay reveal.

“We remain committed to our vision of creating a new genre in the FPS market with DEFECT… this new investment allows us to accelerate our plans for proper single-player support and to expand onto more platforms,” said Emanuel Palalic, CEO, emptyvessel.Share

The investment will enable emptyvessel to scale for console development and single-player support of DEFECT alongside enhancing studio infrastructure, with the strategic alliances of like-minded industry experts and resources. NCSOFT reflects a long term partnership offering additional support across a myriad of aspects spanning equity investment, publishing resources and NC America CEO Jeonghee Jin (JJ) joining the emptyvessel board of directors.

Emptyvessel is focused on taking calculated risks with art and design that deliver on high-quality, immersive gameplay experiences. The process in which DEFECT is being developed reflects the team’s passion and spirited approach to navigating the industry as an independent game studio. Composed of world-class developers who have worked on iconic franchises including DOOM, Quake, Call of Duty, Last of Us, and Borderlands, the studio has built a remote work model around worldwide talent based in the US, Australia, Europe, Japan, and elsewhere. Currently a core team of 14, emptyvessel plans to grow by recruiting new hires in the next year with sustainable game development practices being a priority alongside game quality and innovations.

DEFECT is a cyberpunk, squad-based, Immersive Objective Shooter set in a dystopian world, where AI controls the city with fearsome police forces. Players will battle rogue gang factions in intense multi-objective face-offs in immersive single player and multiplayer modes. Award-winning composer Mick Gordon (DOOM, Borderlands 3, Prey) will create soundscapes for the studio and game. Select new screenshots of the map ‘Meatstack’, environmental updates and a new weapon called ‘Crowd Control’ show the game’s current development progress.

“It’s gratifying to see our developer-first approach resonating with fans and our new long term partners at NCSOFT alongside our other investors,” said Emanuel Palalic, CEO and Game Director, emptyvessel. “We remain committed to our vision of creating a new genre in the FPS market with DEFECT, and while we are building in a sustainable manner, this new investment will allow us to accelerate our plans for proper single-player support and to expand onto more platforms.”

“Emptyvessel’s distinct vision for game design, production, and player interaction made us quick believers in their upcoming shooter, DEFECT. We’re committed to the evolution and future of this incredible game,” said Jeonghee “JJ” Jin, CEO, NC America, COO, NC West.

“We believe that emptyvessel is a unique studio working on an amazing game, so we are thrilled to join them as a key investor as they work towards bringing a fresh perspective for first person shooter games with DEFECT,” said Gregory Milken, Managing Director of 1AM Gaming.

DEFECT is in development for PC and console, and is currently available for Wishlisting on Steam and Epic Games Store with more game details to be shared in the not so distant future. Fans can visit the official game website, and follow the game on Facebook, Instagram and X. For more information about emptyvessel visit the studio’s official website and follow them on X, LinkedIn and YouTube.

About emptyvessel

emptyvessel is an independent game development studio with a specialty in the immersive shooter space that believes in a simple ethos: with creative independence comes greatness. The team at emptyvessel comprises world-class developers with over 100 years of combined experience who have held critical roles at Activision, Crystal Dynamics, Disney, Gearbox Software, id Software, Microsoft, Naughty Dog, Tripwire Interactive, and more. Currently in development, DEFECT is a new game IP that aims to deliver a unique Immersive Objective Shooter experience. From the creative minds of emptyvessel comes a cyberpunk, squad-based shooter set in a future besieged by omnipresent AI, criminal warfare, and rogue law enforcement. Based in Austin, Texas, the studio operates fully remote with development talent located worldwide in locations across the US, Australia, Europe, and Japan. For further information, visit https://www.emptyvessel.io.

Contacts

Media Contact:
Jeane Wong | Kjell Vistad
ONE PR Studio [for emptyvessel]
emptyvessel@oneprstudio.com

(c)2025 Business Wire, Inc., All rights reserved.


Venture Capital
Austin, Business Wire, emptyvessel, Texas, Venture Capital

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TAE Technologies, the leading fusion energy company developing the cleanest and safest approach to commercial fusion power, today announced that it has raised more than $150 million in its latest funding round, exceeding the company’s initial target for the round. Chevron, Google and NEA participated in the round, among other new and existing investors. TAE has the option to raise additional capital as part of this funding round. With more than $1.3 billion in equity capital raised since inception, this latest fundraise further validates TAE’s distinctive approach to commercial fusion.

In a statement Michl Binderbauer, CEO of TAE Technologies, said: “Fusion has the potential to transform the energy landscape, providing near-limitless clean power at a time when the world’s energy needs are growing exponentially due to the growth of AI and data centers. TAE’s technology uses the soundest physics to deliver superior performance in a compact machine, with attractive economics and best-in-class maintainability. We are leading the charge to develop revolutionary fusion technology for full-scale commercial deployment.”

TAE was founded in 1998 to develop commercial fusion power with the cleanest environmental profile. The company has established itself as a leader in an industry that has the potential to transform the energy economy. Since 2014, TAE and Google Research have worked together to accelerate fusion science using cutting-edge machine learning. Google engineers worked onsite at TAE facilities to co-develop advanced plasma reconstruction algorithms, leading to significantly improved plasma lifetime and performance. Fusion is nature’s preferred source of energy. It is the same process that powers the sun and stars, and it is what makes life viable on Earth. When lighter elements fuse under immense heat and pressure, they form new elements and release a tremendous amount of energy. This process is safer than conventional nuclear power because fusion can be stopped at any time – eliminating the risk of a power plant meltdown. TAE remains singularly committed to advancing the frontiers of science and innovation to benefit humanity. With a steadfast resolve to redefine the energy landscape, TAE Technologies is at the forefront of the fusion revolution, poised to usher in a new era of sustainable and limitless power generation for a better tomorrow.
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Joby Aviation, a company developing electric air taxis for commercial passenger service, announced the successful closing of the first $250 million tranche of a previously announced strategic investment from Toyota Motor Corporation. The funding marks a significant milestone in strengthening the long-term collaboration between the two companies and supports their shared vision for the future of air mobility. The investment is aimed at supporting certification and commercial production of Joby’s electric air taxi. This underscores the mutual commitment to deepening integration and delivering next generation travel to global markets. This investment also puts the two companies a step closer toward a strategic manufacturing alliance.

In a statement JoeBen Bevirt, founder and CEO of Joby said, “We’re already seeing the benefit of working with Toyota in streamlining manufacturing processes and optimizing design.” “This is an important next step in our alliance with Toyota to scale the promise of electric flight. With this capital and Toyota’s legendary production expertise, we’re enhancing our ability to scale cutting-edge design and manufacturing to meet the demands of our partners and customers.”

Joby Aviation is a California-based transportation company developing an all-electric, vertical take-off and landing air taxi which it intends to operate as part of a fast, quiet, and convenient service in cities around the world. Powered by six electric motors, their aircraft takes off and lands vertically, giving it the flexibility to serve almost any community. Flying with Joby might feel more like getting into an SUV than boarding a plane. The company's aerial ridesharing service will combine the ease of conventional ridesharing with the power of flight. A green alternative to driving that's bookable at the touch of an app. With more than 30,000 miles flown on full-scale prototype aircraft, their aircraft is designed to meet the uncompromising safety standards set by the FAA and other global aviation regulators. Joby Aviation is now engaged in a multi-year testing program with the FAA to certify their vehicle for commercial operations, and have completed the first three of five stages.
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Infinite Reality, an innovation company powering the next generation of immersive media, AI, and ecommerce, today announced a landmark real estate partnership with renowned real estate investment, development and management firm Sterling Bay to co-develop a 60-acre site in Fort Lauderdale into a next-generation technology and entertainment campus. This ambitious redevelopment—expected to open in 2026—will serve as Infinite Reality’s new global headquarters and is the cornerstone of iR’s long-term real estate strategy, which begins with this flagship project in South Florida. The public-private project marks one of the largest creative economy investments in the area to date, aiming to generate more than 1,000 new jobs with an average salary of six figures and deliver long-term economic growth to the region. Located at 1400 NW 31st Avenue on the site of a remediated former Superfund property, the development features over 100,000 square feet of Class A office space for media, tech, and enterprise clients. Construction is expected to begin in early 2026, pending completion of permitting and design phases.

In a statement John Acunto, co-founder and CEO of Infinite Reality said, “This isn’t just a headquarters—it’s the heart of Infinite Reality’s future. As a proud South Florida resident, this project is deeply personal to me.” “It’s about transforming a community I love into a global hub for immersive technology and creativity. We’re building opportunity, fueling innovation, and laying the foundation for a lasting legacy. Partnering with a world-class development firm like Sterling Bay ensures that this vision is realized at the highest level—and that Fort Lauderdale becomes a defining force in the future of the digital economy.”

In addition to serving as a corporate campus, the site will include flexible spaces for retail, production, digital broadcasting, and entertainment ventures. The development also includes educational initiatives in partnership with local institutions to train and hire future talent in STEM, immersive tech, and creative production. Infinite Reality is an innovation company powering the next generation of digital media and ecommerce through spatial computing, artificial intelligence, and other immersive technologies. Infinite Reality’s suite of cutting-edge software, production, marketing services, and other capabilities empower brands and creators to craft inventive digital experiences that uplevel audience engagement, data ownership, monetization, and brand health metrics.
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