Unity Technologies’ Unity Engine is playing an increasingly
important role in the VR industry, and new funds announced
today should help it grow further still.
Unity Technologies is getting $400 million from private equity
firm Silver Lake. That is if regulators approve the deal,
taking its valuation to $2.6 billion. Company CEO Riccitello
explained to Bloomberg that a
“big chunk” of the money would allow employees and some
shareholders to cash out.
“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,” Riccitello said.
When asked about the deals success, the CEO pointed towards its
work in VR and AR.
“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.”
Unity’s move into VR is far more ambitious than game
development though. It sees its toolset as powering a new way
of interactive and passive experiences used for other forms of
entertainment and beyond. At last month’s Vision Summit the
company held a keynote that featured on VR game, with the rest
consisting of movies, professional applications…