Dave Perry's much-touted 'cloud' gaming service moves a step closer to release this week, word reaching us that Perry has received 5 million USD in funding.

The venture capital money was revealed in a new SEC filing, spied by Gamaustra.

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One former executive, Mitch Lasky, is said to be involved in the investment - which should help see the service towards commercial release.

Word on the street has it that services will one day be the de facto way to play games, dispensing with 'platforms' in the traditional sense, in favour of subscription-based models.

By Luke Guttridge