True to talk, Unity Technologies has closed its second round of investment, with both new and existing backers serving up a total of $12 million.
The round, which was led by Chinese firm WestSummit Capital, will fuel Unity's global intent the company claims, with the firm having recently opened offices in Brighton in the UK and Swedish capital Stockholm.
Growing global
"We've been accelerating our growth on all fronts," said co-founder and CEO David Helgason.
"First, we've been hiring stellar engineers at an accelerating clip in order to help Unity developers amaze their users. Second, we've been introducing new initiatives, like our Asset Store digital content marketplace and Union game distribution service.
"Third, we've been expanding into verticals such as Military and Visual Simulations, Gambling, and Media and Brand Companies, which already make up a significant portion of our revenues.
"Fourth, we've doubled the team in the last year across six offices worldwide and are setting up shop in Asia to help our rapidly expanding developer base there make better use of the Unity platform."
Eyes on Asia
As a result of the investment, WestSummit Capital founding partner and MD Raymond Yang will join Unity's board as the company looks to Asia for expansion a territory Yang naturally knows much about.
"Unity's cross platform solution has been highly regarded as the best 3D game development platform among China developers and enabled them to develop highly differentiated gaming products," added Yang.
"We see China as the largest growing market for Unity Technologies, and we are strategically well positioned to help the company further penetrate the market and realise the full potential of doing business in China."
Speculation ealier in July about the investment, which also included iGlobe Partners and Sequoia Capital, valued the company at more than $200 million.
News
With a fine eye for detail, Keith Andrew is fuelled by strong coffee, Kylie Minogue and the shapely curve of a san serif font.
Top Stories
News
8 hours, 3 minutes ago
Apple reins in Vision Pro plans following dwindling demand and disappearing apps
News
9 hours, 37 minutes ago
FTC bans noncompete work clauses to encourage entrepreneurialism and higher pay
News
10 hours, 37 minutes ago
The amazing companies you could meet at next week's Dubai GameExpo Summit!
Feature
11 hours, 37 minutes ago
48 top mobile games in soft launch: Squad Busters, CSR 3, Plants vs. Zombies 3, LEGO Hill Climb Adventures, and more
Feature
Apr 24th, 2024
Mobile Mavens: Analysts share insights on Embracer Group's "rapid dissolution", "mature" split and nervy future
Events
App Promotion Summit London | Europe | Apr 25th |
Esports Future Summit | Middle East | Apr 27th |
Dubai GameExpo Summit 2024 | Middle East | May 1st |
The MENA Games Industry Awards 2024 | Middle East | May 2nd |
GameDev Atlantic 2024 | May 4th | |
Mobidictum Meetup Berlin May 2024 | Europe | May 7th |
Mobidictum Meetup Tallinn May 2024 | Europe | May 21st |
Israel Mobile Summit 2024 | Middle East | Jun 6th |
Popular Stories
News
Apr 23rd, 2024
Supercell’s Squad Busters soft launches today with over 100,000 Google Play downloads
News
Apr 17th, 2024