Survios pulls in $50m in funding

Survios pulls in $50m in funding
Jake Tucker

By Jake Tucker

December 14th 2016 at 11:13AM

Series B and C funding completed

Virtual reality developers Survios, responsible for robot kill-em-up Raw Data, has today announced that it's closed two funding rounds, with an investment in the vicinity of $50m.

The company's Series B funding was led by Lux Capital with additional funding contributed from Danhua Capital, Dentsu Ventures, Felicis Ventures, Shanda Holdings and Shasta Ventures. Series C funding was led up by the company company Metro-Goldwyn-Mayer, who will be putting its chairman and CEO Gary Barber onto the company's board of directors.

Raw Data brought in more than $1m in its first month on sale, making it one of the few VR titles to have some success in the early days of the platform. Survios has said that it wants to use this investment to continue work on Raw Data, in addition to publishing third party titles. 

"I'm humbled to have Gary join our board and to bring on such a storied partner as MGM," said Survios co-founder and CEO Nathan Burba.

"This puts us in a position to achieve our goal of becoming the leading publisher and content creator in Virtual Reality."