Gaming development platform Unity Technologies said it raised $181 million in a Series C round led by DFJ Growth and including China Investment Corporation, FreeS Fund, Thrive Capital and Max Levchin, joining existing investors that include Sequoia Capital and WestSummit Capital. In addition, DFJ’s Barry Schuler will take a seat on Unity’s board of directors. The company’s valuation is said to have been $1.5 billion.
“Unity’s platform has revolutionized the game industry by allowing any size studio from Indie to Triple-A to create beautiful and compelling games and experiences and monetize them with their advertising and analytics services,” said Barry Schuler, partner, DFJ Growth. “Now Unity is poised to accelerate the advance of AR/VR with their unique ‘write once/ publish many’ engine which allows studios to easily support all hardware platforms without having to attempt to choose a winner.”
Based in San Francisco, Unity Technologies has been helping developers bring their visions to life for over 10 years and currently has almost 1,000 employees globally. Unity developers can export their games and experiences to over 25 different platforms across 2D, 3D, VR and AR. 31% of the top 1,000 grossing mobile games globally, including great indie games such as Perchang, Sky Force Reloaded and INKS as well as the smash hit Pokemon Go, are made with Unity.
Unity plays an integral role in PC, console, VR and AR spaces, with 90% of Gear VR content being made with Unity, not to mention a huge variety of titles for PC, Oculus Rift, HTC Vive and others including THE VOID’s Ghostbusters: Dimension hyper-reality experience and Ubisoft VR game Eagle Flight and PC game Inside from developer Playdead.
“We continue to focus on helping developers in every way we can,” said John Riccitiello, CEO, Unity Technologies. “We do this by focusing on our three core principles; democratizing development, solving hard problems and enabling developer success.”
Unity’s powerful graphics engine and full-featured editor serve as the foundation to develop beautiful games or apps and easily bring them to multiple platforms: mobile devices, home entertainment systems, personal computers, and embedded systems.
Unity also offers solutions and services for creating games, boosting productivity, and connecting with audiences including the Unity Asset Store, Unity Cloud Build, Unity Analytics, Unity Ads, Unity Everyplay, Unity Connect and Unity Certification. Unity Technologies serves over 5.5 million registered developers including large publishers, indie studios, students and hobbyists around the globe.