Sections

 Get your job in front of the right talentSearch our CV libraryUtilise the global reach of Gamesindustry.biz

Unity takes $400 million investment from Silver Lake

Half of the money will let employees and shareholders cash out of the company

Unity Technologies has taken a $400 million investment from Silver Lake Partners, which values the engine company at $2.6 billion.

John Riccitiello, the company's CEO, told Bloomberg that around half of the money is to "allow employees and some early shareholders" to cash out of the company. "A big chunk of it is secondary and that's because it makes sense to let employees buy cars," he said.

The primary capital is "for safety," Riccitiello added, as Unity seeks to capitalise on its position of dominance in growing markets like VR and AR. According to one of Bloomberg's sources, SIlver Lake's investment was made at a $2.6 billion valuation of Unity.

Unity, which now has 1,400 employees, took on a $118 million investment from DFJ in July last year, with the stated aim of driving its growth in the emerging VR and AR markets.

"The second act that I think attracts a lot of investors and investor interest is the fact that we have about 70 percent of AR and VR content built on Unity," Riccitiello said. "We've got a first wave that is going really really well and we have a second one that is dominant."

 Get your job in front of the right talentSearch our CV libraryUtilise the global reach of Gamesindustry.biz

More stories

Unity acquires Pixyz Software

Company behind 3D data optimisation software will continue to charge a subscription for its own products

By James Batchelor

Marc Whitten swaps Amazon for Unity

Former Xbox exec left Amazon five months after rolling out the Luna streaming service

By Matthew Handrahan

Latest comments

Sign in to contribute

Need an account? Register now.