February 6, 2023


Unlimited Technology

Epic Game titles raises $2B in funding from Sony and Kirkbi


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Epic Video games declared a $2 billion round of funding, which it would set to its advancement and that of the metaverse. The round integrated investments from Sony, as nicely as Kirkbi, the investment decision company driving the Lego Team. Each corporations invested $1 billion.

Epic’s put up-dollars fairness valuation is $31.5 billion, in accordance to the business. CEO Tim Sweeney claims this financial commitment will go towards expanding the company’s vision of the metaverse: “This investment will speed up our perform to develop the metaverse and build areas wherever gamers can have entertaining with good friends, brands can construct inventive and immersive encounters and creators can develop a neighborhood and thrive.”

Søren Thorup Sørensen, CEO of Kirkbi, extra, “A proportion of our investments is focused on tendencies we consider will influence the upcoming globe that we and our small children will live in. This expenditure will speed up our engagement in the earth of electronic engage in, and we are pleased to be investing in Epic Online games to guidance their ongoing advancement journey, with a very long-expression target toward the long run metaverse.”

Kenichiro Yoshida, president and CEO of Sony, said in a statement, “As a inventive enjoyment business, we are thrilled to invest in Epic to deepen our romance in the metaverse field, a area where creators and users share their time. We are also self-confident that Epic’s experience, which includes their impressive sport motor, mixed with Sony’s systems, will accelerate our various endeavours these as the advancement of new electronic fan experiences in athletics and our virtual production initiatives.”

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