Unity Technologies receives a $400M strategic investment from Silver Lake.
Unity Technologies, a Copenhagen-founded and San Francisco-located company providing a development platform for creating 2D, 3D, virtual and augmented reality games and experiences, announced an investment by Silver Lake 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.
Unity Technologies, led by CEO John Riccitiello, develops infrastructure for gaming, as software developers are using the Unity platform to create applications. At the end of the first quarter of 2017 unique devices containing apps made with Unity technology increased 40% year-over-year to more than two billion, and unique devices served every month by Unity's ad network increased more than 50% year-over-year to approximately one billion.