intelligence360
  • About us
  • Video News Daily
  • Contact Us
  • Search Icon

intelligence360

The Intelligent News Source

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

Post navigation

NEXT
Veris AI Emerges from Stealth with $8.5M to Train AI Agents Using Simulated Experience, Removing Roadblocks to Enterprise Adoption
PREVIOUS
Impulse Space Secures $300 Million Series C to Accelerate the Future of In-Space Mobility
Comments are closed.

Source: http://go.intelligence360.io/ and https://intelligence360.news/

Fabric, a leader in care delivery and consumer experience, has announced the acquisition of UCM Digital Health (UCM), a leading digital health and telehealth provider. The acquisition expands Fabric's services to about 400 new employer and payer customers, adding one million covered lives. Fabric now serves over 75 health systems, 30,000 employers, and over 100 million lives across all 50 states. This marks Fabric’s fifth acquisition in less than three years, underscoring its strategic build-and-buy approach to unify the fragmented digital health landscape. By expanding its footprint in the payer and employer markets, Fabric is extending its comprehensive care access and experience platform paired with its nationwide provider network to streamline virtual-first care, expand access, improve efficiency and outcomes, and reduce both medical and overhead costs.

In a statement Aniq Rahman, CEO and Founder of Fabric said, "For Fabric, it’s about making healthcare more accessible.” “We’ve already made meaningful progress in the payer and employer markets, and this acquisition allows us to deepen that impact. By bringing more payers and employers onto our platform, we’re creating a connected experience that streamlines workflows, reduces friction and costs, and ultimately drives better outcomes for members and our partners." Moving forward, the 400 payers and employers served by UCM will transition to Fabric’s expanded technology and clinical network, gaining access to enhanced omnichannel patient experiences that improve efficiency before, during, and after virtual care. Through Fabric’s nationwide provider network, patients can receive a treatment plan for most common medical conditions in just five minutes or connect with a behavioral health provider within three days.

Fabric is a health tech company on a mission to solve healthcare’s access problem. Fabric’s integrated care platform offers personalized guidance, streamlines workflows, and unifies experiences across virtual and in-person care. Its solutions support care delivery from a patient’s first search to post-treatment follow-up using its proprietary Hybrid AI that combines conversational AI and physician-built clinical logic. Together with a nationwide network of medical and behavioral health providers, Fabric is realizing its vision of providing care for everyone, everywhere. The company advances connected delivery that improves access, outcomes, and equity across every stage of the patient journey. Today, Fabric serves 30,000 employers, payers, and enterprise organizations, including OSF HealthCare, MUSC Health, Highmark, and Intermountain Health. Fabric is backed by General Catalyst, Thrive Capital, GV (Google Ventures), Salesforce Ventures, Vast Ventures, BoxGroup, and Atento Capital.
Source: http://go.intelligence360.io/ and https://intelligence360.news/

Flex has closed a $60 million Series B equity round led by Portage, bringing total equity raised to $105 million. In the last year, the company has quadrupled revenue and tripled its payments volume to $3 billion as it scales its all-in-one business and personal finance platform for high-net-worth middle-market business owners. Running a profitable middle-market business has become one of the most complex financial jobs in America, with owners often juggling more than ten disconnected systems to manage their money. Flex was created to give these high net worth owners a single place to run both their business and personal finances. This latest $60 Million equity round, followed by its $200 Million debt and $25 Million equity raise announced earlier this year, builds on a period of rapid hypergrowth. In just 12 months, Flex has grown revenue fourfold and increased annualized total payments volume from $1 billion to $3 billion across a suite of products, positioning Flex as one of the fastest-growing fintech companies at scale with best-in-class capital efficiency.

Flex is building the category-defining company solving this gap for high net worth business owners with a five-pillar strategy built around private credit, a business finance stack, a personal finance stack, payment solutions, and an ERP built for middle market businesses. These customers now use an average of four or more Flex products. Flex’s Business Credit Card, which provides 60-day float on every transaction, has been a major driver of adoption, acting as the wedge into deeper financial operations. Once owners experience the benefits of the Flex Credit Card, they often go on to adopt Flex’s banking, payments, working capital, and expense management tools to replace fragmented legacy systems. This integrated model has allowed Flex to scale with high efficiency and has created a strong foundation for its expansion into personal finance.

Launched in 2023, Flex a Flexbase Technologies brand is the AI Native “Private Bank” for high net worth business owners in the middle market. Flex is building the category-defining company solving this gap for high net worth business owners with a five-pillar strategy built around private credit, a business finance stack, a personal finance stack, payment solutions, and an ERP built for middle market businesses. Flex is the first platform that supports every step of their financial lives, from the moment they earn revenue to the moment they spend it personally.
Source: http://go.intelligence360.io/ and https://intelligence360.news/

Across the United States, a new industrial age is taking shape. Trillions of dollars in infrastructure, from energy projects and advanced manufacturing to data centers and critical mineral facilities, must be built in the next decade. But large construction projects are slower and more expensive today than they were half a century ago. Unlimited Industries, a California-based company using AI to rethink how infrastructure gets built, has raised $12 million in seed funding to change that. The round was co-led by Andreessen Horowitz and CIV, with participation from leading industry investors. The capital will accelerate Unlimited’s expansion and further develop its proprietary AI platform – one designed to make large-scale engineering and construction faster, cheaper, and more ambitious.

Unlike traditional construction firms or standard software companies, Unlimited is an AI-native construction company that both designs and builds. Its proprietary platform can generate and evaluate hundreds of thousands of design configurations in parallel, automatically identifying optimal layouts for cost, safety, and performance before construction begins. By integrating AI-driven design with its own vertically integrated engineering and construction teams, Unlimited eliminates the costly handoffs and misaligned incentives that have defined the industry for decades.

In a statement Alex Modon, Co-Founder and CEO of Unlimited Industries said, “Advances in AI mean we can finally build the physical world the way we build software.” “The traditional construction model is slow, brittle, and fundamentally misaligned. Our approach replaces static design choices with a dynamic, data-driven process that learns from every project. The result is faster, cheaper, and more successful projects.”

Unlimited is an AI-native construction company headquartered in San Francisco. Today, the company designs and builds across energy infrastructure, data centers, critical minerals, and advanced manufacturing, helping developers build with greater speed, ambition, and efficiency. Their mission is to build a future of radical physical abundance by automating construction end-to-end. The company was founded in 2025 by serial founders Alex Modon, Jordan Stern, and Tara Viswanathan.
Subscribe

Categories

Recent Posts

  • Kimba Introduces AI-Powered Scent Therapy for Better Sleep June 18, 2026
  • Sunstar Insurance Group Appoints Brad Hearst as Executive Vice President, National Growth and Sales Strategy June 18, 2026
  • Cellares has raised $20 Million in new Series D funding June 18, 2026
  • XCENA has raised $135 Million in new Series B funding June 18, 2026

Archives

© 2026   Copyright SI360 Inc. All Rights Reserved.