The authors of the VR-thriller The Walking Dead: Onslaught raised $16.7 million

The boom in investment in the gaming industry has not bypassed the VR segment. American Survios closed the fourth round of financing, during which it raised $16.7 million. The company will direct the money to “its own contribution to the development of the virtual metaverse.”

According to VentureBeat, the leader of the round was Irongrey, the gaming division of the South Korean industrial holding SeAH Group. Woori Technology Investment, KNET Venture Fund, Seoul Investment Partners, Shasta Ventures, Lux Capital and Samsung Next have also invested in VR developers.

Taking into account the new funds, the total investment of Survios amounted to $70.9 million.

The money Survios is going to spend on creating new VR games like the recently released action The Walking Dead: Onslaught. It is planned that the titles will become cross-platform, and they can be played on both Oculus and Vive along with PlayStation VR.

However, according to the studio’s CEO Seth Gerson, all this is a step towards creating a metaverse in virtual reality. According to him, many companies want to construct a game world where there will be a variety of interconnected cross-platform MMOs. But Gerson believes that it is VR developers who have the most opportunities to implement such a plan.

Also, Survios announced the replenishment of the studio team. Mike Medrano, a native of Blizzard, became vice president of marketing, T.K. Jefferson became product director, and Tate Mosesian from Naughty Dog became the new art director.

Survios is an American studio headquartered in Los Angeles. Among the company’s hits are Raw Data, Creed: Rise to Glory and Battlewake.

Also on the topic:

• 35 apps for Oculus Quest earned more than a million dollarsFacebook has merged AR and VR divisions under the name Facebook Reality Labs
• Embracer Group Holding acquired VR developer Vertigo Games for €50 million
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