KINGSTON, Jamaica — Mind Games, a maker of interactive mind games and brain-computer interfaces, is raising a $2 billion Series B round led by Chinese investor Alibaba Group Holding Ltd., the company said Wednesday.
The funding follows earlier funding from Chinese state-backed bank DFAC Capital, China’s largest private investor.
The company, which was founded by two brothers, says it will continue to expand its games into new markets and expand into healthcare.
The latest round brings Mind Games’ total valuation to about $1.1 billion, and the company is working on a number of new games.
The investment will provide the company with additional financing to expand Mind Games operations in a variety of markets, Mind Games founder and chief executive officer David Smith said in a statement.
Mind Games is also working with Chinese investors on a variety, more ambitious projects, including a game called “I Want to Change the World,” which is a multiplayer game.
It is unclear if Mind Games will sell the game.
The firm is also developing a new platform that it says will be a platform for AI-driven mind games, such as Mind Games kingston.
In a statement, Mind’s CEO David Smith credited “a lot of the funding we have received from DFAC” for Mind Games expansion.
The group is focused on “creating innovative and powerful products that will revolutionize how we think and interact with people.”
Mind Games had raised $1 billion in seed funding from several other investors, including Alibaba, China National Offshore Oil Corporation and Sohu Technology.
The Alibaba-led funding is focused primarily on building a game studio in Shanghai, according to a source familiar with the matter.
Mind also has raised funding from China’s State Administration of Science, Technology and Industry for Scientific Research and Development.
The Sichuan Province of the People’s Republic of China is one of the world’s top oil producers.