- The software startup behind Unity, one of the world’s most widely-used game creation suites, is planning to go public this fall, according to a new Bloomberg report.
- The San Francisco-based software company makes a software suite that has been used to create major games, including “Cuphead” and “Pokémon Go.”
- Unity was most recently privately valued at $US6.3 billion.
- “We are laser-focused on the success of our customers and on the health and safety of our employees. We do not comment on future financing plans,” a spokesperson for Unity said.
- Visit Business Insider’s homepage for more stories.
In the summer of 2016, millions of people around the world spent countless hours catching virtual Pokémon, as “Pokémon Go” became a cultural event unlike any other in gaming.
Now, Unity Technologies, the company behind the epynomous engine that powers “Pokémon Go” and dozens of other blockbuster games, is planning to go public this fall, according to a Bloomberg report.
The company was most recently privately valued at around $US6.3 billion, according to PitchBook. It’s also not the first time that a potential IPO for Unity has come up: The company was previously said to be eyeing going public in the first half of 2020. Moreover, the new report says that Goldman Sachs is leading Unity’s sale process.
“We are laser-focused on the success of our customers and on the health and safety of our employees. We do not comment on future financing plans,” a spokesperson for Unity said.
The Unity engine is essentially a software suite that powers the creation of new games. It’s widely-used across the video game industry, underlying popular titles including “Untitled Goose Game,” “Outer Wilds,” and “Mario Kart Tour.”
Its largest single rival is likely Epic Games, creators of “Fortnite,” which also offers the popular Unreal Engine to developers. The Unreal Engine has been put to use in games like “Star Wars Jedi: Fallen Order” and “Final Fantasy VII Remake,” among many others.
Goldman Sachs was not immediately available for comment.
Business Insider Emails & Alerts
Site highlights each day to your inbox.