Trion Worlds raises $85 million in latest round of funding

Trion Worlds has announced it's raised $85 million in a round of funding to help aid the firm's expansion into Asia and further fund its development efforts.

According to a Reuters report, the Ontario Teachers' Pension Plan, based out of Canada, led the funding with Bertelsmann, a European media conglomerate, also investing.

Since its inception five years ago, the firm has raised more than $185 million and is currently considering going public, according to Trion CEO Lars Buttler, who declined to state the company's net worth after the latest round of investments.

Reuters also said Trion's MMO Rift has "generated $100 million in revenue" since it was released in March 2011. The firm plans to launch the game in South Korea this spring, and in China later this year.

Trion is currently developing a shooter MMO called Defiance, which is slated for release alongside the Syfy Channel series of the same name on PC, PS3, and Xbox 360.