Clockwork Labs is a venture-backed gaming startup that specializes in creating massively multiplayer online games (MMOs) with a focus on societal interaction rather than combat. They operate in the gaming industry, serving a global market of gamers who are interested in cooperative and social gaming experiences.

Their business model revolves around the development and distribution of their unique MMOs. They generate revenue through the sale of their games and potentially through in-game purchases, a common monetization strategy in the gaming industry.

Clockwork Labs emphasizes the importance of both art and engineering in their game development process. They tackle complex problems in computer science and distributed systems while also crafting immersive and engaging virtual worlds. This balance between technical precision and creative storytelling is a key aspect of their business approach.

The company also values decentralized decision-making, allowing their employees to lead the decision-making process on the products they are building. This approach fosters a sense of ownership and encourages innovation within their teams.

Clockwork Labs has attracted significant investment from notable entities such as Supercell, Firstminute Capital, Skycatcher, 1Up Ventures, and Supernode. They also have the backing of industry-leading individuals like Hilmar Pétursson, CEO of CCP Games, and David Helgason, founder of Unity Technologies.

The team at Clockwork Labs consists of industry professionals with extensive experience in building large-scale distributed systems. They are rapidly expanding, attracting industry veterans to their growing team.

Keywords: Gaming, MMO, Social Interaction, Cooperative Play, Art & Engineering, Decentralized Decision Making, Venture-Backed, Investment, Large-Scale Distributed Systems, Rapid Expansion.