As interest revs up in the cloud 
gaming world, venture capitalists are doubling down.
Playcast has raised $10 million in a Series B funding round to help it expand its ongoing rollout of services to telecommunications companies and cable television providers. MK Capital, a Chicago/Los Angeles-based venture fund specializing in digital media, and JVP, a leading Israeli venture capital firm focused on media, technology and content, led the round.
With $10 million in new venture capital, Playcast 
tells Gamasutra editor-at -large Chris Morris how it’ll compete with cloud gaming services like OnLive indirectly, by providing a standardized service that can be integrated into any number of set-top boxes.
Playcast may not be the most familiar name in the video game world, but it’s one that’s certainly turning the heads of venture capitalists.
The cloud gaming company has raised $10 million in a Series B funding round to help it expand its ongoing rollout of services to telecommunications companies and cable television providers. The company previously raised $2 million in funding in 2009.
Chris Morris: Journalist 