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Kabam has raised $245.0M across 5 funding rounds.
Key people at Kabam.
Kabam has raised $245.0M in total across 5 funding rounds.
Kabam is a mobile game developer and publisher specializing in mid-core MMO titles with live-service operations, based in Vancouver, British Columbia, Canada. The company partners with major entertainment brands to create IP-licensed games like Marvel: Contest of Champions, which has achieved hundreds of millions of downloads. Operating on a free-to-play model with in-app purchases, Kabam was acquired by Netmarble Corporation for an estimated $700-800 million in 2016, becoming a wholly owned subsidiary. With over 500 employees, Kabam continues to develop and publish titles including Shop Titans, emphasizing high production values and ongoing content updates. Originally founded as Watercooler Inc. in 2006 by Holly Liu, Shruti Shah, and Shyamala Veeramani, the organization rebranded to Kabam in 2010. Its business model centers on free-to-play games with in-app purchases, supported by long-tail engagement, frequent events, and economies tuned for monetization, wholly owned subsidiary of Netmarble Corporation since 2016 acquisition.
Key people at Kabam.
Kabam has raised $245.0M in total across 5 funding rounds.
Kabam's investors include Patrick Liu, GV, Kenneth Pelowski, Canaan Partners, Conductive Ventures, Founders Circle Capital, Greylock, Joe Kraus, Redpoint Ventures, Gary Benitt, True Ventures, Uncork Capital.
Kabam has raised $245.0M across 5 funding rounds. Most recently, it raised $120.0M Other Equity in July 2014.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jul 31, 2014 | $120M Venture Round | Patrick LIU | — | Announced |
| May 1, 2011 | $85M Series D | GV, Kenneth Pelowski | Canaan Partners, Conductive Ventures, Founders Circle Capital, Greylock, JOE Kraus, Redpoint Ventures, Gary Benitt, True Ventures, Uncork Capital, Kenny VAN Zant, Canaan Partners, Intel Capital, Performance Equity, Redpoint Ventures, SK Telecom Venture Capital | Announced |
| Jan 1, 2011 | $30M Series C | Intel Capital, Scott Raney | Canaan Partners, Conductive Ventures, Founders Circle Capital, JOE Kraus, Redpoint Ventures, Maha Ibrahim | Announced |
| Sep 1, 2009 | $6M Series B | — | Canaan Partners | Announced |
| Aug 1, 2007 | $4M Series A | — | Canaan Partners | Announced |
Kabam Robotics is a Singapore-based technology company developing advanced service robots and connectivity solutions to address global labor shortages and rising manpower costs, particularly in aging populations.[1][2] Their robots perform critical tasks like surveillance, security patrolling, and facility inspections, powered by the proprietary Smart+ cloud-based robot management platform, which integrates with building infrastructure for seamless operations; they also offer REMI, an AI enhancement using generative models via AWS services like Amazon Bedrock, SageMaker, and Polly.[1][2]
The company serves commercial sectors including security, facility management, and hospitality, with deployments across four continents and clients such as Target Supermarket (USA), Gardens by the Bay (Singapore), South Bank Precinct (Australia), and Fullerton Hotel (Singapore).[1][2] Kabam solves acute workforce challenges—e.g., by 2030, 1 in 4 Singaporeans will be over 65, with security officers averaging 54 years old and cleaners 60—through autonomous robots that reduce reliance on human labor.[1] Growth momentum is strong, evidenced by awards like Security Technology Firm of the Year (2024 & 2023 Singapore Security Industry Awards), Best in Unmanned Drones & Robots for Security (ISC West 2023), and Best New Product (Australia’s Security Exhibition 2023).[1]
Kabam Robotics emerged in Singapore as a response to escalating labor shortages in service industries, with a focus on robotics for security and inspections.[1][2] While specific founders are not detailed in available sources, the company's engineering leadership, including Director Yob Tasek, has driven innovation from the outset, recognizing early the need for adaptable infrastructure.[2] A pivotal moment was developing Smart+, a cloud platform leveraging AWS Startup Activate for scalable robot operations, followed by REMI to infuse robots with generative AI intelligence.[2]
Early traction came through deployments in high-profile sites and rapid accolade accumulation starting in 2022, including Singapore Safety & Security Asia Merlion Awards and Sydney Security Conference wins, building to 2024 recognition amid global expansion.[1]
Kabam Robotics rides the service robotics wave, fueled by demographic shifts like aging populations and labor shortages in security/facilities management, where human workers skew elderly (e.g., 54-60 average age).[1] Timing aligns with generative AI maturation and cloud scalability via AWS, enabling robots to handle complex, interactive tasks beyond basic automation.[2]
Market forces favoring them include rising manpower costs globally and demand for contactless operations post-pandemic, positioning Kabam in a sector projected for explosive growth.[1][2] They influence the ecosystem by setting benchmarks for AI-robot integration in commercial settings, collaborating with enterprises to normalize autonomous security and inspiring similar AWS-leveraged innovations.[2]
Kabam Robotics is poised for accelerated expansion, scaling Smart+ and REMI to more sectors like hospitality amid deepening labor crises.[1][2] Trends like advanced AI (e.g., multimodal LLMs) and edge-cloud hybrids will amplify their robots' autonomy, potentially capturing larger shares in North America and Asia-Pacific markets.[2]
Their influence may evolve from niche leader to ecosystem shaper, powering "robot-as-a-service" models that redefine facility operations—tying back to tackling the labor void that sparked their rise.[1]
