Square Enix Shuts Down Cloud Technologies Platform

Shinra Technologies shuts down after taking on $16.8 million in losses.

Posted By | On 06th, Jan. 2016

Shinra Technologies

Shinra Technologies, a cloud gaming platform by Square Enix, has recently been shut down. The service suffered an “extraordinary loss” according to the publisher of roughly 2 billion yen or $16.8 million. Lack of investors also hurt its prospects.

Square Enix stated that, “STI, as a cloud platform operator, has been trying to raise funds necessary for further business operations from third party investors. However, STI has found no prospective investors at this point, and therefore has to discontinue its business.”

Shinra was started by former president Yoichi Wada during TGS 2014 and seemed to differentiate itself by offering multiple servers for improved physics and graphics capability. Its home office in New York has been shut down along with its office in Japan.

What are your thoughts on the closure of Shinra Technologies and its influence on the future of cloud gaming? Let us know in the comments below and stay tuned for more updates.


Amazing Articles You Might Want To Check Out!



Share Your Thoughts Below  (Always follow our comments policy!)



Keep On Reading!

The Legend of Heroes: Trails Into Reverie, Trails From Zero and Trails to Azure Coming to PS4, Switch and PC in West

The Legend of Heroes: Trails Into Reverie, Trails From Zero and Trails to Azure Coming to PS4, Switch and PC in West

All titles will receive English subtitles while The Legend of Nayuta and Trails Into Reverie will have English...

Borderlands 3 Crossplay Update is Now Live

Borderlands 3 Crossplay Update is Now Live

Xbox One, Xbox Series X/S, PC and Stadia players can now matchmake together. An increased level cap and endles...

Monster Hunter Stories 2: Wings of Ruin Demo is Out Now on Nintendo Switch

Monster Hunter Stories 2: Wings of Ruin Demo is Out Now on Nintendo Switch

Experience combat, interacting with Monsties and customizing your Rider's appearance. Progress will transfer o...

The Best Games of 2021 So Far

The Best Games of 2021 So Far

Now that half the year is over, it's time to take a look back at the best of the best games it's hard to offer...

The Falconeer: Warrior Edition Interview – Porting, PS5 Tech, Future Plans, and More

The Falconeer: Warrior Edition Interview – Porting, PS5 Tech, Future Plans, and More

The Falconeer creator Tomas Sala speaks with GamingBolt about bringing the game to PlayStation and Nintendo Sw...

Insomniac Games is Hiring for a PS5 Multiplayer Game

Insomniac Games is Hiring for a PS5 Multiplayer Game

The unannounced multiplayer title will be the first Insomniac title to feature multiplayer since Fuse, which r...