Unreal Engine Creator Epic Games Secures $1.25 Billion Investment
The company is well known for its Fortnite and Robo Recall franchises.
Epic Games, the creator of titles such as Robo Recall, Fortnite, Unreal, Gears of War and Shadow Complex, as well as Unreal Engine has received a $1.25 billion USD investment the company announced today.
The funding came from investors KKR, ICONIQ Capital, Smash Ventures, aXiomatic, Vulcan Capital, Kleiner Perkins, and Lightspeed Venture Partners. They join Tencent, Disney, and Endeavor as minority shareholders, which will continue to be led by founder and CEO, Tim Sweeney.
“This investment creates powerful partnerships with highly strategic investment firms and individuals at the forefront of technology, entertainment, professional sports, esports, and live events,” Epic Games commented.
“We’re excited to partner with the finest minds in the financial, sports, and entertainment communities. This reinforces Epic’s position of leadership in real-time 3D technology, and accelerates our ability to improve the way people play, work, and interact with the world,” said Epic Games CEO Tim Sweeney in a statement.
While games like Fortnite have proven to be massively popular, raking in plenty of profit for the company, one of its biggest successes has been the Unreal Engine, which it, alongside many other developers worldwide use to create the very latest videogames.
The company has been heavily involved in the virtual reality (VR) and augmented reality (AR) industries, supporting the technology from the outset through Unreal Engine whilst developing its own content like Bullet Train and Robo Recall.
There’s no word on how Epic Games plans to utilise the investment, if it does then VRFocus will let you know.