With the growth in the gaming sector, the game development companies are in a race to attract more investors to retain their top spot in the market. in a recent round of funding which was just completed by the Epic Games, it was found that the company reported attracting over $1 billion in new funding, which includes a $200 million investment from Sony on top of the $250 million Sony invested back in the summer of 2020.
Epic continues to deliver revolutionary experiences through its cutting-edge technologies that support creators in gaming and across the digital entertainment industry. We are excited to strengthen our collaboration to bring new entertainment experiences to people around the world. I strongly believe that this aligns with our purpose to fill the world with emotion, through the power of creativity and technology.
The relations between Sony and Epic have been growing in recent times, with the Japanese tech giant investing heavily in Epic and the Fortnite maker showing their first Unreal Engine 5 demo running on PlayStation 5 hardware. It’s interesting to guess as to what new will come out of this budding partnership.
Epic CEO Tim Sweeney had this to say about the latest round of funding:
We are grateful to our new and existing investors who support our vision for Epic and the Metaverse. Their investment will help accelerate our work around building connected social experiences in Fortnite, Rocket League, and Fall Guys while empowering game developers and creators with Unreal Engine, Epic Online Services, and the Epic Games Store.