InXile Entertainment secures $4.5m investment for new VR title

Katharine Byrne
InXile Entertainment secures $4.5m investment for new VR title

The studio behind Wasteland and Tides of Numenera has announced it's working on a VR open world survival RPG title after securing a combined equity and project investment of $4.5m from a subsidiary of Japan's global entertainment publisher and developer Gumi Inc.

InXile Entertainment, who's also currently working on Wasteland 3 and The Bard's Tale IV, secured the investment from Gumi VR Inc, and while the studio isn't ready to talk specifics on the game just yet, the announced VR titlewillbe based on one of its existing franchises. As part of the deal,Gumi Inc CEO Hironao Kunimitsu will also join inXile's board.

Brian Fargo, CEO at inXile Entertainment commented:Gumi shares my passion for creating deeper virtual reality games and I'm fortunate to have a partner to work with in this spectacular new medium. We've had incredible feedback from our first game, The Mage's Tale, and we want to continue to build on our experience and reputation.

"I've always been fascinated by the social dynamics of the open world survival genre and experiencing that in virtual reality will create powerful and terrifying moments. We'll also be bringing our storytelling and RPG experience to the table to help enrich the genre."

Kunimitsu added:Brian is a legend in the games industry, and inXile Entertainment has a track record for creating ground-breaking PC and console games that feel AAA in scope and size using their creativity, ingenuity, and ambition.

"Over the past year, they've brought in very talented and experienced members as they shift their strategy from single player to multiplayer online games as a service, and we look forward to seeing how they approach the space. Since breaking into VR, we believe they've already delivered the best VR RPG game to date with The Mage's Tale. We're honoured to become a strategic investor and partner with inXile, and delighted for the opportunity to work together on the next VR title with such a masterfully skilled team."

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