Home / Business / Unity seeks $125m in additional funding

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”.

About Vikki Blake

It took 15 years of civil service monotony for Vikki to crack and switch to writing about games. She has since become an experienced reporter and critic working with a number of specialist and mainstream outlets in both the UK and beyond.

Check Also

2K’s Kelley Gilmore on Cloud Chamber, working on a new Bioshock title, and being the first female studio head in 2K history

"I’m really honoured to have the opportunity to build this new team and deliver the next offering in one of the greatest game franchises ever created."