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Intel Capital Invests $4 Million in Xfire Gaming Network

By - Source: Xfire | B 23 comments

Intel has sunk $4 million in Xfire, a video game social network.

Xfire claims to have more than 20 million subscribers and describes itself as a mix "between Facebook and Skype" for gamers. The service enables people to chat with each other from within more than 2300 video games. Xfire said that it will use the funding to revamp its website and chat application.

"We're witnessing watersheds in gaming, including the rise of free-to-play online titles," said president Mark Donovan in a prepared statement. "Xfire is expanding with this trend by helping publishers and players connect with one-another through the Xfire social platform."

The company previously received funding from angel investors, including Tomorrow Ventures, Clearstone Venture Partners principals William Quigley and Jim Armstrong, PriceGrabber co-founder Kamran Pourzanjani, and founder Michael Robertson.

Intel did not comment on this investment. However, the company typically invests in companies that are already off the ground and provide products and services that promote chip sales. An investment in a growing website that is targeting video gamers is conclusive for Intel.

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  • 2 Hide
    Lutfij , October 8, 2011 2:20 PM
    oh crap, first facebook now a facebook for gaming?...? :ouch: 
  • 7 Hide
    Anonymous , October 8, 2011 2:36 PM
    Actually Xfire was launched in 2002 and Facebook was launched in 2004 if I'm not mistaken. So, you could say Xfire came first. I certainly enjoy using it. It is very useful especially for recording (screenshot/video) memories with your gaming friends.
  • 6 Hide
    Anonymous , October 8, 2011 2:38 PM
    I use Xfire, and I think it's great. I can see what games my friends are playing (while in a game or out) and start chat/voice. No fumbling with alt tabbing, and it works with almost every game I own that's less than 10 years old. I couldn't care less about the whole 'social' part of it on their website, but whatever.
  • 2 Hide
    rpgplayer , October 8, 2011 3:35 PM
    $4 mil? Intel could pull that out of petty cash. That's not even a real investment for them, more of a gesture.
  • 0 Hide
    sync_nine , October 8, 2011 3:36 PM
    Live streaming is also an added USP
  • 0 Hide
    cheemster , October 8, 2011 5:35 PM
    Very happy to see this! The 4 million will be great for Xfire, it is a great platform for many games. I am happy to know that Xfire will be revamped completely (it has needed that for a long time), along with fixing all the issues such as the in game web browser. Always loved Xfire for COD4, still do.
  • 0 Hide
    xerroz , October 8, 2011 5:49 PM
    Lets hope they clean that god awful UI
  • 3 Hide
    schiwing , October 8, 2011 6:00 PM
    2006, Viacom buys X-fire for $102 million.
    2010, Viacom sells X-fire for $1 million.
    2011, Intel invests $4 million into X-fire.
  • 1 Hide
    rohitbaran , October 8, 2011 6:05 PM
    Well, Intel's graphics solutions are good only for social gaming games. So they will just promote that!
  • 0 Hide
    lp231 , October 8, 2011 6:43 PM
    rpgplayer$4 mil? Intel could pull that out of petty cash. That's not even a real investment for them, more of a gesture.

    To Intel it's pocket change. Man I wish I have 4 million as pocket change... :D 
  • 0 Hide
    Anonymous , October 8, 2011 7:43 PM
    Xfire is a good program for gamers with friends or ones that want to keep statistics of their gaming or stream their play sessions etc but it needs an overhaul which it will get now thanks to intel. gj intel.
  • 0 Hide
    JOSHSKORN , October 8, 2011 10:53 PM, it's more like AIM for gamers. Not really a Facebook, and not really a Skype.
  • 1 Hide
    bustapr , October 9, 2011 12:29 AM
    i really like xfire. screenshots, and accessing favorited tf2 maps with it is a godsend, dont have to open the game to see if the fav servers are full. And friends lists, clans, and screenshots are all solid.
  • 2 Hide
    hetneo , October 9, 2011 12:40 AM
    LOL it's nice to see an article where author has no clue about what he's writing about.

    Cm'on mr Gruener, do your homework. Xfire is far cry from "a growing website that is targeting video gamers".
  • 0 Hide
    oneblackened , October 9, 2011 2:02 AM
    XFire. Used to use that. I use Steam instead, because it's a better interface.
  • 1 Hide
    stoogie , October 9, 2011 3:12 AM
    Xfire has pc specs on your profile and records your game hours, which previously no one did since before 2005(when i joined), 2010/2011 raptr, overwolf and evolve were created, steam doesnt record hours in a overall table and does have a pc spec profle information section, < reason i use Xfire
  • 0 Hide
    stoogie , October 9, 2011 3:13 AM
    steam doesnt have a pc spec profile info**
  • 0 Hide
    Espionage724 , October 10, 2011 3:46 AM
    Used to use Xfire, but lately it's been going downhill. I use Evolve now, and it's much better (and getting better):
  • 1 Hide
    Anonymous , October 10, 2011 7:56 AM
    Evolve is really better, even when it's just in beta-phase.
    Xfire is getting old, there hasn't been any major update for way over a year, and the new xfire-team is lazy as hell...
  • 0 Hide
    Goldengoose , October 10, 2011 9:44 AM
    I thought xfire had died! I always thought steam should upgrade their chat service to something equal to that of xfire.
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