Unity Technologies announced today an investment by Silver Lake, the global leader in technology investing, of up to $400 million in the company. The primary use of new capital will be driving growth in Unity's augmented and virtual reality capabilities and in its core engine. Silver Lake Managing Partner Egon Durban will join Unity's board of directors.
"Our mission to help game developers bring their disparate creative visions to life has enabled us to create a rapidly expanding global platform with enormous growth potential both within and beyond gaming," said John Riccitiello, CEO of Unity. "We look forward to partnering with Silver Lake, with its proven technology industry expertise, to enhance Unity's next stage of growth, allowing us to accelerate the advance of augmented and virtual reality in both gaming and non-gaming markets and continue to democratize development." Unity is the leading provider of mission-critical infrastructure for gaming. Every month, developers using the Unity platform create more than 90,000 unique applications, which are downloaded over 1.7 billion times per month. Over the past two years, the company has leveraged its long history as a game engine provider to expand into new offerings, including a market-leading in-game mobile ad network and a widely deployed analytics tool using machine learning and data science. Unity has also established 3D visualization and virtual and augmented reality partnerships with Facebook, Microsoft and Google, as well as non-gaming firms and institutions, including Gensler, NASA Jet Propulsion Laboratory and Audi. Read More