Unity seeks $125m in additional funding

Unity is seeking $125 million in additional Series E funding.

As reported by TechCrunch (thanks, Gamasutra), stock authorisation filings – which have been confirmed to TechCrunch by a Unity spokesperson to be accurate – discovered by Prime Unicorn Index indicate the tech firm is seeking additional Series E funding. If successful, it will boost the company’s value up to an estimated $5.96 billion – almost doubling its reported valuation.

Unity Technologies’ last funding round in 2017 saw it secure $400 million Series D funding in order to permit long-time employees and early investors to cash-out their shares, and previous backers include Sequoia, DFJ Growth and Silver Lake Partners.

Unity has still yet to comment on rumours of a reported 2020 IPO.

The latest iteration of the game engine software, Unity 2019.1, is now available. This latest version includes a host of “notable changes for all developers”, particularly for those working on mobile platforms.

In a press release from Unity Technologies, the company confirmed Unity 2019.1 will include the release of the Lightweight Render Pipeline – which allows for “high-performance graphics optimised to meet the needs of mobile devices” – Mobile Adaptive Performance in preview, which “is already providing device-level optimiaation for apps made with Unity on Samsung’s Galaxy S10 and Galaxy Fold”. It also includes “more than 300 improvements”.