Epic Games, the company behind the hit game Fortnite and the engine that powers it, Unreal, has completed a $1 billion round of funding. The company said its equity valuation is now $28.7 billion.
The latest funding includes $200 million from Sony, who already invested $250 million in the company last year. Last year’s deal gave Sony a 1.4% stake in Epic, Sony said at the time.
According to a statement from Epic, the new funding “builds on the already close relationship between the two companies and reinforces their shared mission to advance the state of the art in technology, entertainment, and socially-connected online services.”