Sony invests $250 million in Fortnite maker Epic Games, valuing it at $17.86 Bn

#games #gaming #startups #stakesale #acquisitions

Sony has invested $250 million for a minority stake in Fortnite maker Epic Games, the companies announced today. With the new money, Epic Games has raised $1.83 billion to date. Sony is acquiring a 1.4% stake in Epic, which means the deal values Epic Games at $17.86 billion.

The companies said the deal cements an already close relationship and reinforces their shared goal to advance the state of the art in technology, entertainment, and socially connected online services. This close relationship was underscored in May when Epic first showed the upcoming Unreal Engine 5 graphics running on a PlayStation 5. As the company itself has disclosed, Epic Games raised $1.58 billion in three previous funding rounds. In 2012, the company received a $330 million investment from Tencent for a 40% ownership stake.

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Sony invests $250 million in Fortnite maker Epic Games

Take the latest VB Survey to share how your company is implementing AI today. Sony has invested $250 million for a minority stake in Fortnite maker Epic Games, the companies announced today. With the new money, Epic Games has raised $1.83 billion to date.

Startup Funding Alert: Voice Filter Startup Voicemod Closes $8M Funding Round - Voicebot.ai

#fundingalert #startupfunding #speechprocessing #voicetech #voicetechnology #gamesindustry #gaming #games

Voice filter startup Voicemod - Voicing Up Gamers & Streamers with Mods! has closed an $8 million Series A funding round led by German Bitkraft Ventures. Voicemod provides AI-powered personalized audio avatars that can alter voices in real-time in video games and digital communication services.

Voicemod combines artificial intelligence with digital signal processing to overlay a different sound to someone’s voice as they speak. Aimed largely at the world of gaming, the Spanish startup’s tech can let players switch around to different voice options and even incorporate effects like echos in a tunnel during a ca racing game, or breathlessness when a character has been running for a while. The tech can also perform more straightforward voice alterations like auto-tuning, pitch change, and making the speaker sound like a different gender.

Voice filters designed by Voicemod are used in popular online games like Fortnight, Lague of Legends, Call of Duty Warzone, and Minecraft. It can also apply to video chat and social platforms like Zoom, Discord, and Skype.

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Voice Filter Startup Voicemod Closes $8M Funding Round - Voicebot.ai

Voice filter startup Voicemod has closed an $8 million Series A funding round led by German Bitkraft Ventures. Voicemod provides AI-powered personalized audio avatars that can alter voices in real-time in video games and digital communication services. Voicemod combines artificial intelligence with digital signal processing to overlay a different sound to someone's voice as they speak.

Startup Funding Alert: Gaming startup Bombay Play raises $1.5M from Leo Capital

#fundingalert #startupfunding #games #gaming #startups

Gaming startup Bombay Play, co-founded by Abhas Saroha and Oliver Jones, has raised $1.5 million in its Pre-Series A round. The investments came in from Leo.Capital, along with angel investor and Co-founder of Livspace, Ramakant Sharma.

Bombay Play designs and creates online multiplayer games. Before Bombay Play, Abhas was leading engineering teams at Zynga, Moonfrog Labs and MakeMyTrip. Oliver, on the other hand, is the former co-founder of Moonfrog Labs and had directed games at Zynga and Glu Mobile.

Its most popular games include Pokemon Tower Battle, Card Party and 29 Card Games. The startup soon plans to launch a Battle Royale Game, later this month.

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[Funding alert] Gaming startup Bombay Play raises $1.5M from Leo Capital

Gaming startup Bombay Play has raised $1.5 million in its Pre-Series A round. The investments came in from Leo Capital, along with angel investor and Co-founder of Livspace, Ramakant Sharma. According to a statement issued by the startup, Bombay Play will be using the funds for hiring talent and geographically expanding its reach.