Tag Archives: Unity Technologies

Unity Technologies raises $400 million

Commentary

After raising a round of $181 million in 2016, Unity Technologies, whose software tools are at the heart of Pokémon Go and other video games, announced that it had raised $400 million in a new funding round led by Silver Lake. The deal valued the company at a whopping $2.8 billion. So why is Unity Technologies attracting so much funding? Unity is one of the fastest growing game engine developers in the world today. According to the company, more than 30% of the current 1,000 top-grossing free mobile games were built with Unity software. The company boasts other impressive metrics including having 5 billion game downloads in the third quarter of 2016. Unity has also become one of the most popular platforms for creating VR worlds for both mobile and PC devices. Unity’s dominance in the VR space is one of the reasons why investors are bullish on the company.

Unity Technologies raises $181 million

Commentary

Last week, the world saw the successful launch of Pokemon GO, the augmented reality mobile game that allows users to “see” and “capture” Pokemons in the real world. Yesterday, Unity Technologies, one of the companies behind the technologies used in the game, announced that it has raised $181 million in a Series C funding round. The round was led by DFJ Growth, with participation from China Investment Corporation, FreeS Fund, Thrive Capital and Max Levchin. Pokemon GO uses Unity’s game engine to help create the massive multiplayer online game (MMO) world that builds off real-world maps. According to sources, Unity plans to use its new funds to advance the capabilities of its software used in AR and VR applications. With its new funding, the company now has the arsenal to help its business reach its full potential and further tap into the budding AR market, which is expected to grow to $120 billion in revenue by 2020.