Gaming startup Statespace has recently raised $50 million of fresh funding, as first reported by VentureBeat. The Series C was co-led by existing investors Khosla Ventures and Lux Capital, and comes just 10 months after the NYC-based company raised a $29 million Series B.
Founded in 2017, Statespace is perhaps best known for creating Aim Lab, a tool that replicates the physics of a first-person shooter game to help users practice their aim and train in that environment. Its user base has grown to five million active monthly users, according to VentureBeat, and has garnered the attention of gaming industry giants like Riot Games’ VCT Challengers North America and Ubisoft.
While Statespace has become especially popular among professional and amateur gamers alike, it has also moved into the digital health space. Over the years, the startup has partnered with health organizations at Johns Hopkins University and New York University to help folks recovering from a stroke or individuals with cerebral palsy improve their motor skills. The company is also helping with research projects involving people with brain concussions, coming up with ways to measure performance and improve.
“Games are an amazing equalizer that anybody can participate in,” founder and CEO Wayne Mackey said in an interview with Built In last year. “It’s the ultimate interactive media where you can connect with so many people in a much more rich way. You can engage content in a much more rich way. And we can use them as a tool to leverage and enhance human learning, whether that’s in video games, in rehab, or medicine, or traditional sports.”
Looking ahead, Statespace will use this fresh funding to further expand its training tools, coaching programs and digital health initiatives. The company is also now hiring, according to a recent LinkedIn post by Mackey.
“So proud and thankful for my whole team, our partners, our advisors, and our amazing user community. We are just getting started and I pinch myself every day I wake up and get to spend my day doing this with all of you,” Mackey wrote, adding that this is “just the beginning.”
