Speaking with Bloomberg, the chief executive officer of Unity Technologies, John Riccitiello, revealed that the company has received a 400 million USD investment from the private equity firm Silver Lake.
Unity Technologies are known for their gaming technology, the Unity engine, but are not making any games themselves. Riccitiello said that the interest from investors has a lot to to with the first wave of VR and AR, as many of these games and tech demos use their engine. Unity has also been used in many successful games since the company came to be in 2004.
"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.
The money will be spent in two ways, and one of them is letting employees and shareholders cash out. The second part is about security when investing. "A big chunk of it is secondary and that's because it makes sense to let employees buy cars. In terms of primary capital we don't ultimately need all that primary capital—the capital is safety when we're investing to grow as fast as we are."
Is it bright skies ahead for Unity?
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