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Razer is worth more than $1 billion - report

A leaked memo reveals the value of the gaming tech company

The gaming technology company Razer is now worth more than $1 billion, according to a memo related to a new round of funding from Intel.

The Razer document, which was acquired by Techcrunch, stated that, "We're already one of the billion dollar unicorns in the tech start-up world, and now we've got more resources than ever to allow us to focus on designing and developing the best experiences for gamers worldwide."

The funding round is apparently already closed, and the memo also contained details of three new board members, one of them an investor.

Razer's last round of funding, for $50 million, closed in December 2011. Since then it has built a diverse portfolio of products, mostly skewed towards the high end of the market, including tablets, laptops and peripherals, software covering a wide range of gaming activities, and even a line of clothing.

And it has now turned its attention to the emerging market for wearable computers with its Nabu wristband, which will link the real-world activity of its users to their gaming experiences.

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Latest comments (5)

Andrew Ihegbu Studying Bsc Commercial Music, University of Westminster3 years ago
I'm sure Razer were the ones saying only a few months ago "we don't profit from any item we've ever made"....
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Adam Campbell Game Production Manager, Azoomee3 years ago
That is correct Andrew.
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James Berg Games User Researcher, EA Canada3 years ago
This was that article: [link url=""]http://www.gamesindustry.biz/articles/2013-10-10-razer-sells-every-product-at-a-loss[/link]

Does not compute. I love my Naga, mind you, so I hope they're doing well :)
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Yvonne Neuland Studying Game Development, Full Sail University3 years ago
http://www.vg247.com/2013/10/10/razer-ships-every-product-at-a-loss-laughs-all-the-way-to-the-bank/

They retracted that statement according to the article at that link.

If they are selling the hardware at a loss, the hardware probably isn't the product.

Razer makes a wide range of software to accompany the hardware they sell, most of which stores the "data" in a cloud, or requires a persistent internet connection to use.

I'm given to understand that the sale of data is a rather profitable market these days.
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Robert Mac-Donald Game Designer, Lethe Games2 years ago
Hope once SteamOS is out they put some of that money to support linux
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