Bali, October 11, 2024 – Agate International (“Agate”), the largest game developer in Indonesia and a leader in Southeast Asia, is once again participating in the Indonesia Game Developer Exchange (IGDX) Conference 2024. This annual event, initiated by the Ministry of Communication and Information Technology of the Republic of Indonesia and the Indonesian Game Association (AGI), serves as a platform for developing Indonesia’s game industry ecosystem and offers opportunities for innovative collaboration in the gaming business sector. IGDX 2024 will feature representatives from various countries, including Russia, Poland, and France, showcasing their publishers, developers, and investors. In the panel discussion titled “Looking Back – Stories from the Biggest Successes from Indonesia,” Shieny Aprilia, Co-Founder and CEO of Agate, will share insights into Agate’s successful journey in the gaming industry, particularly as a local game developer thriving in the global market.
Aligned with the momentum of IGDX, which serves as a key platform for global gaming industry stakeholders, Agate is continuing to drive its global expansion and ongoing fundraising efforts. With the establishment of business units in Canada, Germany, South Korea, Japan, and the United States, as well as continued efforts to penetrate the European market, this strategic expansion brings Agate closer to the global gaming community and unlocks opportunities for strategic collaborations across international markets.
Furthermore, Agate is in the midst of a fundraising initiative aimed at raising USD 2 million through Convertible Notes. These funds will be used to strengthen B2B operations, develop new products, and initiate a game publishing business for the Indonesian market, all in alignment with the government’s increasing support for the local gaming industry.
Shieny Aprilia, Co-Founder and CEO of Agate explained, “This year, through our fundraising efforts, we aim to support the sustainable growth of our B2B business, develop new products, gather M&A leads, and launch a game publishing business for the Indonesian market, with increasing government support for the local gaming industry. This strategic expansion certainly requires greater investment to effectively support both our existing operations and new strategic initiatives as we work to consolidate the gaming industry in Indonesia.”
Currently, Agate has several game titles in development, including Akarmaut: Rootmare and Blades of Mirage, as well as a collaboration with Confiction Labs on Riftstorm, which will enter its third public playtest (Alpha Playtest) starting on October 17, 2024 at 09:00 WIB and ending on October 30, 2024 at 09:00 WIB. Additionally, Agate is co-developing Nightmare Battler Zozo with Red Dunes, a game development company from Saudi Arabia. Meanwhile, DreadHaunt, a collaborative project with Digital Happiness, with joint IP ownership, will be published by Dark Product and NUON and will launch on Xbox starting October 17, 2024. These collaborations are expected to accelerate the development of high-quality games and expand Agate’s market penetration across various regions.
Beyond game development, Agate is also committed to enhancing its team’s capabilities through knowledge transfer during participation in various international gaming events, as well as providing facilities and support, such as course fees, to improve team skills. Agate also conducts sharing sessions among team members to strengthen collaboration and innovation. These steps are crucial to ensure that Agate remains innovative and competitive in the ever-evolving gaming industry. With an increasingly robust team, Agate is capable of keeping pace with dynamic market demands and creating globally relevant products.
On the other hand, Agate has expanded its B2B partnerships with several global technology companies to strengthen its position in the global gaming ecosystem. This initiative aims to introduce innovative solutions across various game genres and enhance the company’s competitiveness. With a continuously evolving portfolio and experience, Agate is ready to take on a larger role in the international gaming industry.
Through these various strategies, Agate hopes to continue supporting the growth of the local gaming industry while strengthening its position on the global stage. Shieny concluded with optimism, stating, “We believe that with a strong foundation and support from our investors, Agate can become a key catalyst in the development of the Indonesian gaming industry and expand its influence worldwide.”
