When it comes to players deciding on a chat application for their multiplayer and competitive needs, Discord remains to be the primary pick.

Following the official release from two years back, the freeware software — specifically designed to create and sustain gaming communities — has outpaced every rival in the market. This includes Teamspeak, Skype, and other proprietary names from several games-related companies that have been tapping in the esports craze.

In a new funding round, Discord has successfully raised $50 million from existing investors (via Esports Observer) that include Benchmark Capital, Greylock Partners, Spark Capital, and Tencent Holdings. This has helped double the overall valuation of the company to nearly $1.65 billion.

It should be noted that the funding round prior to the latest one raised just $129 million. The staggering increment can easily be linked with the surging popularity and acceptance of Discord. The total user-base has surpassed 90 million as of January 2018, more than double from last year.

The company plans to use the new funds to further expand its global reach. It has already partnered with several esports organizations such as Cloud9 and Team Liquid, as well as esports organizers such as DreamHack.

Discord may have gained prominence through League of Legends but the past year has steadily attracted users from other popular multiplayer games like Overwatch and Fortnite. That being said, League of Legends remains as a core factor in overall growth.

Unlike other third-party chat and voice applications, Discord is not resource-hungry for your systems. In addition, it offers superior voice quality and security thresholds. There are also other services as well such as direct game integration, server verification, built-in Spotify support, channel management, and more.