Epic Games going after video game cheaters
Cary-based Epic Games, the maker of the ultra popular video game “Fortnite,” has raised more than a billion dollars from investors.
A collection of investment firms, including KKR, ICONIQ Capital and Lightspeed Venture Partners, pumped $1.25 billion into the company, Epic said in a release on Friday.
If that valuation is true, it could make the company the most valued venture-backed company in North Carolina. Investment data firm Pitchbook said earlier this year that Charlotte-based fintech company AvidXchange was the highest-valued venture-backed company in the state, with a valuation of $1.4 billion.
“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,” Epic CEO and founder Tim Sweeney said in a release.
Epic on Monday declined to comment further on the funding.
Founded in 1991, Epic Games has made a name for itself with games such as “Gears of War” and “Shadow Complex.” But the company leaped into another stratosphere when it released “Fortnite,” a battle-royale-style game that has become one of the most popular titles on the market.
Epic has said “Fortnite” attracted more than 125 million players as of June.