Guru Studio has expanded the universe of True and the Rainbow Kingdom with True & You, original shorts designed for cross-platform viewership, and a limited-edition collection of UGC items on Roblox.

The big fund-raising round was the latest sign of investor fervor for artificial intelligence companies despite concerns that the boom is overheated.

As platforms like Roblox and Fortnite explode, players are evolving into developers, transforming gaming into a ...