Mundfish
- Open roles
- 0
- Founded
- 2017
- Employees
- 201-500
- Offices
- 4
About Mundfish
Mundfish is an independent international video game developer founded in 2017, best known for Atomic Heart. Its work combines first-person action, role-playing systems, original narrative design and stylized retro-futurist worlds. The studio develops games for PC and consoles and supports independent developers through its publishing and investment initiative, Mundfish Powerhouse.
The company began development in Moscow before relocating its core activities abroad. Its current development presence spans Cyprus, Armenia and the United Arab Emirates, supported by an international network of remote talent. Its production capabilities cover full-cycle game development, character and environment art, rigging, cinematic animation, motion capture, audio and sound design. The supplied research identifies Unreal Engine 4 and Unreal Engine 5 among its development technologies.
Games and the Atomic Universe
Released on February 21, 2023, Atomic Heart is a first-person action-RPG set in an alternate-history Soviet 1955, where an advanced robotics network turns hostile. The game launched across Windows, PlayStation 4, PlayStation 5, Xbox One and Xbox Series X/S. Its visual identity draws on Soviet retro-futurism, robotics and bionic world-building, combining a distinctive setting with story-driven combat and exploration.
Mundfish continued the game's narrative through four expansions released between 2023 and 2026: Annihilation Instinct, Trapped in Limbo, Enchantment Under the Sea and Blood on Crystal. In June 2025, the studio announced two further internally developed projects: Atomic Heart 2 and The CUBE, an MMO RPG shooter. Both belong to the broader Atomic Universe.
Publishing and developer support
Mundfish Powerhouse extends the company's activities beyond its internal productions by financing and mentoring independent creators. The initiative provides production guidance, technological assistance and international publishing support. Its debut partnership is with Team Clout on ILL, a first-person survival horror game scheduled for 2027. Mundfish's role on that project is publishing and development support; Team Clout is the game's independent developer.
More about Mundfish
Founders and leadership
The report identifies four co-founders and their roles: Robert Bagratuni, CEO and Game Director; Evgeniya Sedova, CFO; Artem Galeev, Art / Creative Director; and Oleg Gorodishenin, General Producer.
Technology and operating partnerships
The CUBE uses Mundfish's proprietary Split-Rendering System. The report also identifies proprietary animation technology within the studio's development capabilities.
Team Clout's partnership with Mundfish Powerhouse began in 2023, adding a dated milestone to the publishing relationship.
Recognition and audience milestones
Atomic Heart won the Steam Award for "Outstanding Visual Style" and was longlisted for the 2024 BAFTA Games Awards. These distinctions concern the game. It surpassed five million players within three weeks of release and reached more than ten million players by 2025.
Investment
Minority venture investors include GEM Capital, Tencent Holdings and Gaijin Entertainment founder Anton Yudintsev.
Notable credits
9 creditsOffices
Current and former locations of Mundfish
- 1–3 Boumpoulinas Street, Bouboulina Building, Flat/Office 42, 1060 Nicosia, CyprusNicosia, Lefkosia, Cyprus
Nicosia office
HeadquartersStatutory corporate headquarters and registered office for corporate governance, legal and intellectual property management.
- Yerevan, Armenia
Yerevan office
Core development hub for engineering, art, animation and technical design.
- Paphos, Cyprus
Paphos office
Main operational studio, housing primary game development and creative leadership; described as the operational headquarters in Cyprus.
- Abu Dhabi, United Arab Emirates
Abu Dhabi office
Regional development and production hub supporting global engineering and operations.
- Nizhnyaya Syromyatnicheskaya Street, 10, bldg. 7 (Artplay)Moscow, Russia
Moscow office
Former officeAbout this office
Historical studio premises operated through LLC Mundfish, later renamed LLC Braindev. Permanently closed following relocation of core personnel and operations abroad.
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