PlayAIO announces its landmark partnership with Astralis Capital and an investment from Astralis Fund I LP, marking a first for Astralis, as PlayAIO becomes part of a newly created gaming incubation strategy.

PlayAIO was founded in 2023 by Josh Gibbs, formerly of Kambi and Strive Gaming in customer data leadership roles. It has quickly grown an established contracted customer base and having gone live in May 2024. The launches have been smooth and well received by their customers.

Josh Gibbs, CEO of PlayAIO, gives perspective on the new partnership: “With Astralis Capital, it has been a truly synergistic partnership, I couldn’t think of a better way to start a business. With Astralis on board, we have continued to see rapid growth as we grow to be a market leader within the industry”

“It’s been great working with both Evan and Tisno. They, along with PlayAIO, continue to see the untapped potential data brings to any organization.”

Steven Farrugia, an iGaming data veteran who built models for ComeOn Group among others, recently joined PlayAIO as CTO, and the company has bolstered the team with staff members for their bases in the UK and Malta over the past months.

Astralis Capital, has invested in numerous iGaming and sports startups, as well as developing a reputation for astute iGaming investments supported by providing expert advice to founders to help accelerate company growth.

Evan Meyer, co-managing partner at Astralis Capital, commented on joining forces with PlayAIO: “What Josh and Steven are driving at PlayAIO falls exactly within the scope of startup successes we’ve seen before. They have a clear vision, execution plan and technical product know-how in a developing iGaming and online sports betting market. We’ve been incredibly impressed by the pipeline of potential client discussions, new customer uptake and smooth launches thus far.”

Fellow co-managing partner, Tisno Onggara of Astralis Capital added: “The mission of PlayAIO is ultimately the reason we decided to partner and help incubate PlayAIO. We see growing trends within the industry surrounding AI, but very few companies have the internal technology and ability to act on this.”