Alliance wins $1.43m at Valve's Dota 2 tournament The International 3

Competitive gaming team Alliance from Sweden has picked up $1.43 million after finishing first place in Valve's annual Dota 2 tournament, The International 3.

Alliance won the grand final after facing off against team Na'Vi from the Ukraine in a best-of-five format, winning 3-2.

The International 3 event kicked off on August 3, with 16 of the best Dota 2 teams flown in from around the world to compete. The event was hosted at Benaroya Hall in Seattle, Washington.

Alliance, who finished in first place, will be taking home $1,437,204. Na'Vi will be awarded $632,370 for second place. Malaysian team Neolution Orange placed third, and will be awarded $287,441 in prize money. The event marks the first time that no Chinese teams have placed in the top 3.

The prize pool for The International 3 totals at $2.87 million, establishing its record as the largest prize pool for a single competitive gaming event. Nearly 400,000 people tuned in live for the first day of the event, and 600,000 on the second and third days, surpassing last year's peak numbers.

At the 2012 International event, team Invictus Gaming from China won $1 million for finishing in first place. In 2011, Team Na'Vi took first place with a prize of $1 million.

For more about the event, check out GameSpot's coverage of The International 2013.