Epic Games CEO Tim Sweeney. Photo credit: Official GDC, under Creative Commons license

Epic Games, the makers of Fortnite, has announced it’s reached a deal with Sony for a $250 million investment into the gaming company. Sony is coughing up that amount through a wholly-owned subsidiary for a minority stake in Epic Games. The investment comes on the heels of recent reports of Epic Games seeking to raise more financing. With this investment, Epic Games has now raised a total of $1.8 billion in funding. The investment is strategic, apparently cementing an already established relationship between Epic Games, a major game developer, and Sony, the maker of the popular PlayStation console as well as many popular games.

The valuation that came with Sony’s investment isn’t known, but for a hint, recent reports noted of Epic Games seeking to raise funding at a $17 billion valuation.

“Epic’s powerful technology in areas such as graphics places them at the forefront of game engine development with Unreal Engine and other innovations. There’s no better example of this than the revolutionary entertainment experience, Fortnite. Through our investment, we will explore opportunities for further collaboration with Epic to delight and bring value to consumers and the industry at large, not only in games, but also across the rapidly evolving digital entertainment landscape,” Sony CEO Kenichiro Yoshida said in a press statement that announced the company’s investment.