Epic Games have announced that they've secured a further $1 billion of funding for future growth, pushing the company's equity valuation to a whopping $28.7 billion.
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EPIC Announce $1 Billion Round Of Funding
The huge sum includes a $200 million investment from Sony Group Corporation which, according to the press release from Epic, "builds on the already close relationship between the two companies." That relationship has manifested earlier today with the reveal that Horizon Zero Dawn's Aloy will be joining Fortnite later this week.
Epic Games CEO Tim Sweeney said the following:
"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"
Meanwhile, Sony CEO, President and Chairman Kenichiro Yoshida added:
"Epic continues to deliver revolutionary experiences through their array of 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."