On had created an AI platform for sports, media and entertainment enterprises.

On enterprise AI startup: CEO resigns, staff laid off after $11M in cash goes missing

On, an enterprise AI startup previously known as GameOn Technology, has laid off all of its estimated 60 staff members after allegedly discovering that $11 million in cash was missing.

On CEO Alex Beckman resigned, allegedly under pressure. A letter to shareholders from other company officers alleged they discovered to their “shock and horror” that only 37 cents was left in an account that was supposed to have $11 million. As GameOn, the company previously said it had raised $35.5 million.

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Dean Takahashi

Dean Takahashi is editorial director for GamesBeat. He has been a tech journalist since 1988, and he has covered games as a beat since 1996. He was lead writer for GamesBeat at VentureBeat from 2008 to April 2025. Prior to that, he wrote for the San Jose Mercury News, the Red Herring, the Wall Street Journal, the Los Angeles Times, and the Dallas Times-Herald. He is the author of two books, "Opening the Xbox" and "The Xbox 360 Uncloaked." He organizes the annual GamesBeat Next, GamesBeat Summit and GamesBeat Insider Series: Hollywood and Games conferences and is a frequent speaker at gaming and tech events. He lives in the San Francisco Bay Area.