Realtime Worlds gets $31m in funding

Realtime Worlds, developer of upcoming Xbox 360 action-cop shooter, Crackdown, has secured $31 million in funding from New Enterprise Associates. Two members of NEA have joined the board of directors at Realtime Worlds, suggesting that the companies expect the partnership to be a long-term collaboration.

Founded in 2002, Realtime Worlds has yet to ship a product, although Crackdown is due in 2007. Unless Realtime Worlds has developed expensive tastes -- and we remember watching that happen to dot-com companies -- we expect the funding to keep it strong well past any Crackdown success or failure. (From our look at the game, we're betting on "success.")

See also: Joystiq hands-on: Crackdown (Xbox 360)