Chobolabs raises $1.3M to put hardcore gaming on mobile

Competitive multiplayer games haven’t had much of a shot on mobile, but Deyan Vitanov, the co-founder and chief executive of Chobolabs, aims to change that.

He announced today that the Palo Alto, Calif.-based company has successfully completed a $1.3 million round of funding to bankroll its first game, a platform-shooter designed specifically for tablets and smartphones. The team has developed its own real-time networking engine, he said. The game is in beta testing now.