Agate

What Agate does

Agate (legal entity PT Agate International) is an Indonesia-based game development studio founded in 2009 and headquartered in Bandung, operating across two principal business lines: B2C publishing of original and co-developed mobile and console games, and B2B professional services spanning full-cycle game development, cross-platform porting, 3D art production, and enterprise gamification. The company self-describes as Indonesia's leading game developer and one of the largest in Southeast Asia, with a stated headcount in the 101-250 range (200+ crew cited internally) and a 16-year operating history.

The company's core technology stack is built on Unity and Unreal Engine, supplemented by a 3D art production toolkit (ZBrush, Blender, Maya, Marvelous Designer, Substance Painter) and VR/AR capabilities for immersive gamified experiences. Service delivery is organized across four lines: (1) Full-cycle game development covering concept through post-launch maintenance, with a shipped portfolio including Riftstorm, Code Atma, the Valthirian Arc series, Blades of Mirage, and Zozo and the Lost Dreams; (2) Cross-platform porting extending titles to PlayStation, Xbox, Nintendo Switch, and PC, evidenced by clients including Goblinz Studio (Bladebound), Hitbox Games, Dark Product (Ratshaker), and Freedom Games (Discounty); (3) 3D game art outsourcing; and (4) Gamification solutions covering in-app enhancement, advergames, gamified training, VR training simulators, and game-based assessment, with proprietary platforms including BATIQUE (developed with Universitas Gadjah Mada) and Venhall.

Agate generates revenue through project-based professional services contracts ranging from approximately $10K for small gamification projects to $10M+ for AAA co-development, sold via enterprise direct sales, industry events, and partner referrals. Customer logos span major Western publishers (Epic Games, Square Enix, Microsoft, Samsung, PQUBE), Indonesian enterprises (BCA, BNI, GoPay, Tokopedia, Bukalapak, Telkom, Coca-Cola, Pocari Sweat, AXA, Astra International), and government/education bodies (Ministry of Education and Culture). A complementary Agate Academy division delivers talent development programs through 51 Indonesian university partners, with documented outcomes including 7,500+ program participants, 100+ alumni, and 689 MSIB Kampus Merdeka participants across three cohorts producing 60 game prototypes. The company is privately held, operates only in Indonesia, and is ISO 27001:2022-aligned.

Name

Agate

Legal name

PT Agate International

Website

https://agate.id

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

101–250 employees

Short description

Agate is an Indonesian game development studio founded in 2009 in Bandung, providing full-cycle game development, cross-platform porting, 3D art, and enterprise gamification services to publishers like Epic Games and Square Enix, with an Academy division training 7,500+ developers across 51 university partnerships.

Ownership category

akta.pro rank

Headquarters

HQ city

Bandung

HQ country

Indonesia

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Others

Revenue model

1. Game Development Outsourcing: Full-cycle game development and co-development services for external clients and publishers, providing end-to-end production from concept through post-launch maintenance
2. Game Porting Services: Cross-platform porting services bringing games to new platforms including PlayStation, Xbox, Nintendo Switch, and mobile devices
3. Gamification Services: Business gamification solutions including in-app enhancement, advergames, VR training, and game-based assessments for enterprise clients
4. 3D Game Art Services: Art outsourcing services providing characters, environments, props, and equipment for external game development projects
5. Academy Programs: Educational programs including game development courses, internship programs, and university partnerships that develop talent pipeline

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core offering

Agate is an Indonesian game development studio providing end-to-end services including full-cycle game development, 3D game art production, cross-platform game porting, and enterprise gamification solutions. The company also develops and publishes its own mobile and console games, and operates the Agate Academy for game development education and talent development.

Product overview

Agate is a unified game development studio providing end-to-end services including full-cycle development, 3D game art production, game porting, and gamification solutions. Founded in 2009, the company operates through distinct but integrated service lines: Full-Cycle Game Development handles concept-to-launch production; Game Porting extends titles to PlayStation, Xbox, Nintendo Switch, and PC platforms; 3D Game Art delivers characters, environments, and props; and Gamification transforms business challenges into playable experiences. The portfolio spans original titles (Riftstorm, Code Atma, VAHSS series), ported games (ArcRunner, Discounty, Tormented Soul 2), and gamification projects (BCA Gebyar Hadiah, GoPay Suwit, Tokopedia Up Up). Agate Academy provides talent development programs, while the company maintains partnerships with studios like Red Dunes Games and platforms including Epic Games and Square Enix.

Differentiator

Problem solved

Functional benefit

Brands

• Agate Academy: Educational division of Agate focused on game development courses, talent development, and mentorship programs for aspiring game developers.

Products and services

• Full-Cycle Game Development

Named customers22 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Eleven partnerships are on record, tiered core, notable and minor.

• Ministry of Education and Culture (Kementerian Pendidikan dan Kebudayaan)coreStrategic or Co-development Partner · 1 January 2021MSIB Kampus Merdeka partnership providing students opportunity to experience working in the game industry. Three cycles completed (2021, 2023, 2024) with 689 total participants producing 60 game prototypes. Program offers credit conversion of 20 credit hours.
• DigitalentcoreStrategic or Co-development PartnerPartnership providing online courses, webinars, and live mentoring sessions for participants. DTS FGA programs including Game Programming & 3D Game Art training, Game Creation intensive program for top 50 participants, and Game Incubation 2023 for aspiring developers.
• Indonesian Game Association (AGI)coreStrategic or Co-development PartnerAgate leadership holds President and Talent Development Manager positions in AGI, working to accelerate growth of Indonesian video game industry and develop local talent.
• Indigo by TelkomnotableStrategic or Co-development PartnerIndigo Game Startup Incubation (IGSI) program launched to kickstart game development studios. Between 2019 and 2022, successfully kickstarted 30 game startups.
• Balai Diklat Industri DenpasarnotableImplementation/ SI/ Consulting PartnerPartnership to deliver game programmer training program and produce job-ready game programmers.
• BPPMPV KPTKnotableImplementation/ SI/ Consulting PartnerUpskilling & Reskilling Vocational Teachers program, training 72 vocational school teachers on metaverse understanding and 3D art proficiency.
• Kominfo (Kementerian Komunikasi dan Informatika)coreStrategic or Co-development PartnerGovernment partnership for digital talent development and game industry education programs.
• Universitas Gadjah Mada (UGM)notableStrategic or Co-development PartnerPartnership developing BATIQUE game-based cognitive assessment tool for measuring cognitive abilities in children grades 1-6 through 8 different games.
• Blockman GOminorImplementation/ SI/ Consulting PartnerBlockman Editor training program conducted to teach participants how to use Blockman Editor platform.
• PT Agate InternationalcoreOthersLegal entity name of the company as stated in privacy policy: PT Agate International.
• Summarecon Bandung (Property Partner)minorOthersProperty developer providing office space at Level Up Building in Summarecon Bandung complex.

Scale indicators10 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Virtuos: Singapore-headquartered global game development outsourcing and co-development studio (Unity/Unreal, art, porting) — directly comparable to Agate's full-cycle and porting service lines across console and PC.
• Lemon Sky Studios: Malaysia-based game art and co-development outsourcing studio serving AAA publishers — direct competitor to Agate's 3D art and full-cycle development offerings in Southeast Asia.
• Streamline Studios: Malaysia-headquartered game co-development and porting studio working with major publishers — direct competitor on Agate's full-cycle and multi-platform porting services.
• Pingle Studio: India-based game art, porting, and co-development studio — comparable services to Agate (Unity/Unreal, porting, 3D art) operating from a lower-cost geography and competing for similar publisher work.
• Toge Productions: Indonesian game developer and publisher — local peer with overlapping Indonesian talent pool, government/AGI relationships, and ambitions in mobile and PC game development.
• Touchten Games: Indonesia-based mobile game developer and publisher — comparable Indonesian game studio competing for the same local talent and pursuing B2C titles similar to Agate's consumer games line.
• Digital Happiness: Indonesian game studio specializing in horror and narrative-driven titles — local peer competing for similar Indonesian talent, government grants, and consumer game IP opportunities.

Broad incumbents

• Keywords Studios: Ireland-listed global game services platform offering art, porting, localization, QA, and audio — overlaps Agate's services at significantly larger scale and breadth, frequently competing for the same publisher contracts.
• Gameloft: Global mobile and cross-platform game developer with strong Southeast Asia presence — broad incumbent whose outsourcing choices and internal capabilities shape the demand pool for Agate's services.
• Ubisoft: Global AAA publisher with internal studios (including Ubisoft Singapore) — a frequent Agate client/partner that also competes for high-end co-development and porting capacity in the region.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/agateint
• YouTubeyoutube.com/@agateint
• Facebookfacebook.com/agateint
• LinkedInlinkedin.com/company/agateint
• Instagraminstagram.com/agateint

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds2 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Agate