Virtuos raised $150 million.

Gilles Langourieux interview — How Virtuos grew with gaming and deals with labor shortages and crunch

Virtuos recently raised $150 million from private equity firm Baring Private Equity Asia, a new kind of investor coming into the growing game industry.

Such investors haven’t put a lot of money into games in the past, but the pandemic highlighted the opportunity as games grew 23% in revenues in 2020 while many other industries shrank. Virtuos is taking advantage of that growth to level up its business, which focuses on external development of core game assets for triple-A games for consoles and PCs. While it started providing art, now it has a deeper role in game development, providing assets inside a game engine that are more easily integrated in a game.

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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.