Epic Games raises $2B a week after Unreal Engine 5’s release

Epic Games has raised $2 billion in a funding round just a week after its release of Unreal Engine 5.

Epic – known for its hit titles, popular game engine, and high-profile spats with Apple – says the funding will support its continued growth and vision to build the metaverse.

Tim Sweeney, CEO and Founder of Epic Games, said:

“As we reimagine the future of entertainment and play we need partners who share our vision. We have found this in our partnership...

12 April 2022 | Development Tools

The Coalition celebrates Unreal Engine 5’s release with impressive demo

Game studio The Coalition has celebrated Epic’s launch of Unreal Engine 5 with an impressive tech demo.

The demo shows off Unreal Engine 5’s most exciting new features, including Nanite and Lumen.

https://www.youtube.com/watch?v=0qbffi8abOg

Nanite is Unreal Engine 5's virtualised geometry system. According to Kate Rayner, Technical Director at The Coalition, Nanite allows for over 100x the detail that was previously possible.

“Our artists can create...

6 April 2022 | Development Tools