Epic Games
Epic Games, the creator of the video game series Fortnite, reported in May 2021 that it had secured $1 billion in fundraising, valuing the firm at $28.7 billion. Sony, the maker of the PlayStation video game system, committed $200 million, Epic stated, while other investors included Appaloosa Management, Baillie Gifford, and Fidelity Management. Epic's most recent investment round occurred last summer, when the business received $1.78 billion for a $17.3 billion valuation. Sony made a $250 million investment at the time.
Epic, headquartered in Cary, North Carolina, was established in 1991 by Timothy Sweeney, its company's CEO. It achieved popularity in the mid-2000s through Unreal Engine, a framework for other developers to make games, and the Gears of War game franchise. Tencent, China's internet behemoth, controls 40% of the firm.
Epic Games made their breakthrough in 2017 with the debut of Fortnite. The animated battle royal title has grown in popularity and sparked a new age of livestreaming. It elevated players who streamed their Fortnite gameplay, such as Tyler Blevins — dubbed Ninja — to celebrity status.
Founded in: 1991
Headquarters: Carolina, US
Revenue: $4.2 billion
Website: https://www.epicgames.com/
