# Epic Games **Industry:** Gaming & Interactive **Type:** Private **Founded:** 1991 **Headquarters:** Cary, North Carolina **Website:** https://epicgames.com *Building the metaverse* ## Latest AI News *No AI News* ## Overview Epic Games is an American video game and software developer and publisher known for creating Fortnite, Unreal Engine, and the Epic Games Store. The company has evolved from a game developer into a platform company focused on building tools and technologies for creators and the broader metaverse ecosystem. ## Key Products/Services - Fortnite battle royale and creative platform - Unreal Engine game development platform - Epic Games Store digital distribution - MetaHuman Creator digital human technology - Unreal Engine for film and virtual production - Epic Online Services for developers - Twinmotion architectural visualization ## Recent Developments - Significant funding rounds building toward metaverse vision - Expansion of Unreal Engine beyond gaming - Growth of Epic Games Store and exclusivity deals - Investment in creator economy and user-generated content - Integration of AI tools in Unreal Engine and content creation ## Financial Information - Private company with major investor backing - Valuation of $31.5 billion (2023) - Major investments from Sony and Kirkbi - Revenue from Fortnite, Unreal Engine licensing, and Epic Games Store - Strong cash flow from Fortnite success ## Leadership - CEO: Tim Sweeney (founder) - Strong technical and creative leadership - Focus on open platforms and creator empowerment - Long-term vision for metaverse development ## Competitive Landscape - Main competitors: Unity, Steam/Valve, Roblox, game engines, platform holders - Market position: Leading game engine and emerging platform company - Differentiators: Unreal Engine technology, Fortnite success, metaverse vision ## Perplexity Queries ### Latest Company News [Summarize the latest news about Epic Games, focusing on recent developments and announcements. Include information from reputable sources such as news articles and press releases. Provide a list with sources and summaries for each piece of news.](https://www.perplexity.ai/search/summarize-the-latest-news-about-epic-games-focusing-on-recent-developments-and-announcements-include-information-from-reputable-sources-such-as-news-articles-and-press-releases-provide-a-list-with-sources-and-summaries-for-each-piece-of-news) ### Industry AI News [Latest AI news for Epic Games and the Gaming & Interactive industry. Provide a list of recent AI-related developments, initiatives, or products from Epic Games and other companies in the Gaming & Interactive industry. Include sources and brief summaries for each item.](https://www.perplexity.ai/search/latest-ai-news-for-epic-games-and-the-gaming-interactive-industry-provide-a-list-of-recent-ai-related-developments-initiatives-or-products-from-epic-games-and-other-companies-in-the-gaming-interactive-industry-include-sources-and-brief-summaries-for-each-item) ## Tags #gaming #fortnite #unreal-engine #metaverse #platform #epic-games-store #private --- *Last Updated: 2025-07-27*