New investment doubles valuation to $6B; company continues to fuel expansion of Unity real-time 3D platform to creators in gaming and new industries
SAN FRANCISCO, July 25, 2019 -- Unity Technologies (https://unity3d.com/), creator of the world’s most widely-used real-time 3D development platform, today confirmed that it has signed agreements for investment in the company from D1 Capital Partners, Canada Pension Plan Investment Board (CPPIB), Light Street Capital, Sequoia Capital, and Silver Lake Partners, and is announcing a tender offer for common shareholders of up to $525 million. Based on the results of the tender offer, recent investment in Unity could total $675 million. Moreover, the latest investment doubles Unity’s valuation to $6 billion.
“At Unity, we think the world is a better place with more creators in it. Unity is used to create more than half of the world’s games, and apps made with Unity are downloaded over 3 billion times per month. We strive to serve our customers with the best real-time 3D technology imaginable, and very much appreciate that investors are paying attention,” said John Riccitiello, Chief Executive Officer, Unity Technologies.
Unity will open the tender to all common shareholders, the majority of whom are current and former employees. “We welcome D1 Capital Partners, Light Street Capital, and CPPIB to our roster of world-class investors, which includes Sequoia Capital and Silver Lake Partners. We selected these investors because their vision of the future is very much aligned with ours. We are pleased to provide the opportunity for some liquidity to our dedicated employees who have worked so hard to make Unity the company that it is today,” added Kim Jabal, Chief Financial Officer, Unity Technologies.
“Unity is building on its premier position and showcasing its new technologies in the games market, which helps drive adoption and innovation across other markets. And it's doing so with great success,” said Dan Sundheim, Founder, D1 Capital Partners LP.
Unity now powers real-time 3D experiences across the gaming, automotive, architecture, engineering, construction, manufacturing, media and entertainment industries. Companies and creators - from Volvo to Disney Television Animation - have used Unity to create groundbreaking experiences that include a safe driving, in-vehicle augmented reality experience to Emmy-award winning broadcast-quality shorts, “Baymax Dreams.” In June, the company announced Unity Reflect, the first of its kind real-time building information modeling (BIM) tool for architecture, engineering and construction professionals. Unity Reflect brings the power, efficiency and ease-of-use of the Unity platform directly to the user, regardless of device, and will sync valuable BIM data across mobile, desktop, augmented reality or virtual reality with one click.
About Unity Technologies
Unity is the creator of the world’s most widely used real-time 3D development platform, giving developers around the world the tools to create rich, interactive 2D, 3D, VR and AR experiences. The company’s 1000 person development team keeps Unity at the bleeding edge of technology by working alongside partners such as Google, Facebook, Oculus and Microsoft to ensure optimized support for the latest releases and platforms. Games and experiences made with Unity have reached ~3 billion devices worldwide and were installed more than 29 billion times in the last 12 months. Unity’s renowned flexibility gives developers the power to target and optimize their creations for 25+ platforms including Xbox One, PlayStation 4, Gameroom (Facebook), SteamVR (PC & Mac), Oculus, PSVR, Gear VR, HoloLens, ARKit (Apple), ARCore (Google) and more. Unity also offers solutions and services for connecting with audiences including Unity Ads, Unity Analytics, Unity Asset Store, Unity Cloud Build, Unity Collaborate, Unity Connect, and Unity Certification.
For more information, visit www.unity.com and to see the latest games and experiences created in Unity, go to https://unity.com/madewith.
