This Lara Croft-like character is not a glimpse at the next Epic Games title.
This Lara Croft-like character is not a glimpse at the next Epic Games title.
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Epic Games unveils $1.78 billion funding round at $17.3 billion valuation

  • Posted byby Dean Takahashi
  • Updated
  • 2 min

Fortnite maker Epic Games today announced a $1.78 billion funding round at a $17.3 billion valuation. The company said the funding included new capital such as Sony’s previously announced $250 million investment as well as secondary purchases from employee equity holders.

Epic Games is the developer and publisher of Fortnite, which has more than 350 million registered players (this doesn’t mean they’re all active). And it’s also the creator of the Unreal Engine, a fundamental toolset for building many games (and increasingly, making movies and TV).

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Written by

Dean Takahashi

Dean Takahashi is editorial director for GamesBeat. He has been a tech journalist since 1988, and he has covered games as a beat since 1996. He was lead writer for GamesBeat at VentureBeat from 2008 to April 2025. Prior to that, he wrote for the San Jose Mercury News, the Red Herring, the Wall Street Journal, the Los Angeles Times, and the Dallas Times-Herald. He is the author of two books, "Opening the Xbox" and "The Xbox 360 Uncloaked." He organizes the annual GamesBeat Next, GamesBeat Summit and GamesBeat Insider Series: Hollywood and Games conferences and is a frequent speaker at gaming and tech events. He lives in the San Francisco Bay Area.