Though it only opened its doors back in 2014, Shina Technologies, a company owned by Square Enix, is officially shutting down. Square Enix announced in a press release (translated by Gematsu) the cloud-gaming company would be dissolved, resulting in a ¥2 billion, just short of $17 million, loss.

Cloud gaming has been a much talked about subject in recent years, especially with the advent of cloud-based streaming services such as PlayStation Now. Shinra Technologies was focused on a different type of cloud gaming however, helping to build games that were so graphically intense or technically demanding that it required off-site servers (the cloud) to run.

In the press release, Square Enix made it clear both the New York based Shinra Technologies and the Tokyo based Shinra Technologies Japan will be completely liquidated by March 31, 2019 and June 30, 2016, respectively.

As a cloud platform operator, [Shinra Technologies] has been trying to raise funds necessary for further business operations from third party investors,” the release explains. “However, [Shinra Technologies] has found no prospective investors at this point, and therefore has to discontinue its business.”

As we find out more about the closers and the future of Square Enix, you’ll find it all right here on Gamespresso.

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