ProbablyMonsters raises $200m to make games with a "people-first" culture

As an upstart AAA studio system led by long-time CEO and president of Bungie Harold Ryan, ProbablyMonsters was probably always going to garner interest from investors. But today's announcement that it has raised $200 million in Series A funding puts it in rare company.

"The investor people tell me it's the biggest Series A raise in gaming ever," Ryan says. "But it's also something that when we looked at our long-term business plan, $200 million was our target for accelerating our growth and continuing to invest in our team and put our people first, so it really is a sweet spot number for us that lets us hold to our focus and growth plans."