VR Gaming Studio Survios Raises Money from MGM

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Raw Data developers Survios has raised $50 million over two new rounds of funding. The company had a Series B round led by Lux Capital and a Series C led by Hollywood giant MGM. Gary Barber, CEO of MGM, will join the board of directors at Survios.

Terms of the deal remain a mystery, but will help Survios “achieve our goal of becoming the leading publisher and content creator in Virtual Reality.”

“We are thrilled to be in business with Survios, a true pioneer in the virtual reality space,” said Barber in a statement. “Survios is the ideal partner for us as we continue to explore the most innovative ways to optimize our existing IP, create exciting new content, and expand into emerging platforms.”

Raw Data is one of the fastest grossing VR titles, reportedly making over $1 million in one week. Not too shabby and something few other companies have managed. Meanwhile, I’ve yet to jump on the VR bandwagon. The expense is simply not worth it to me. Let me know your experiences in the comments!

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