Realtime Worlds Raises $50 Million

kEaNo10 | March 31, 2008 | News | Company

Realtime Worlds is currently working on APB, a modern-day massively multiplayer online game from the mind of Grand Theft Auto creator Dave Jones. Eschewing the sword and sorcery or proton blaster pistols of many popular MMOGs, Realtime Worlds hopes to redefine the genre by sidelining repetitive quests and monster slaying, emphasizing player personalization and customization options, and ramping up graphical fidelity.

To aid it in its goal, Realtime Worlds has secured $50 million of financing led by Maverick Capital, according to Tech Crunch. Realtime Worlds previously nabbed some $33 million in capital from CIM fund and NEA, and now has a total of $82.7 million in funding. Announced in 2005, APB is slated to arrive on the PC and Xbox 360 some time before the end of the year.

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