Founded in 2009 by Peter Ong and Ryan Pijai, DreamRift is an Orlando, Florida based independent videogame company that has developed games with major publishers including Disney Interactive Studios and Majesco Entertainment. Its first project was announced in November 2009 under the working title of Project Monster. Project Monster evolved into the company's first game, titled Monster Tale, and was selected for publishing by Majesco Entertainment.

Monster Tale was released on March 22, 2011 to highly favorable reviews, and was found to have one of the highest Metacritic ratings of an original IP released that year for the Nintendo DS.

In 2011, DreamRift transitioned to the Nintendo 3DS and began working on a top-secret project, the project was confirmed by IGN in March 2012 to be Epic Mickey: Power of Illusion, developed in collaboration with Disney Interactive Studios.

In October 2012, Nintendojo reported that Dreamrift was interested in returning to its Monster Tale series. the April 2015 issue of Nintendo Force, the magazine revealed Monster Tale Ultimate, a remake of the original Monster Tale game for the Nintendo 3DS.

In early 2015, co-founder Ryan Pijai left DreamRift and moved to other business ventures. As of May 16, 2019, the official website no longer acts as DreamRift's. Until that time, the status of DreamRift has remained uncertain.