Epic Games

Epic Games, formerly known as Potomac Computer Systems, is a leading interactive entertainment company and provider of 3D engine technology.

Epic Games is the curated digital storefront for PC and Mac, designed with both players and creators in mind.

Epic Games was founded by Tim Sweeney as Potomac Computer Systems in 1991, originally located in his parents' house in Potomac, Maryland. The company is headquartered in Cary, North Carolina, with over 40 offices worldwide.

 

Epic, through its Unreal Engine, Epic Games Store, and Epic Online Services, provides an end-to-end digital ecosystem for developers and creators to build, distribute, and operate games and other content.

 

Epic's Fortnite is one of the world’s largest games with over 350 million accounts and 2.5 billion friend connections. Epic's Unreal Engine powers the world’s leading games and is adopted across industries such as film and television, architecture, automotive, manufacturing, and simulation.

 

Epic Games also owns the game developers Chair Entertainment, Psyonix, Mediatonic and Harmonix, as well as cloud-based software developer Cloudgine. Epic has also partnered with Lego to build a metaverse aimed at kids.

 

Epic is backed Sony, Baillie Gifford, KKR, Fidelity Management & Research Company, KIRKBI, Tencent, Disney, Lightspeed Venture Partners, Ontario Teachers’ Pension Plan Board, ICONIQ Capital, Kleiner Perkins, and others. The company raised $2B in a new financing on Apr 11, 2022. This brings Epic's total funding to $7.1B to date. The latest round valued the company at a $31.5B post-money. Epic was last valued at $28.7B from a financing raised Apr 2021.

 

 

  • Year founded: 2014
  • Funding Info: $7.1B over 10 Rounds (Latest Funding Type: Corporate Round)
  • Yearly Revenue: $6B (2021)
  • Employee Size: 1,001-5,000
  • Business Valuation: Valued at $31.5B as of Apr 11, 2022
  • City/Town: Cary
  • State: North Carolina
  • Country: United States
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