Unity raises $181M monster round at a reported $1.5B valuation
Summary
Today, Unity Technologies announced that it has closed a $181 million Series C round of funding led by DFJ Growth. Today, the company released updated stats conveying that over 5.5 million developers have registered themselves on the Unity platform. By comparison, Unity’s closest competitor, Epic Games, recently announced that their Unreal Engine is sporting 2 million registered users. Unity was largely an underdog in the game engine space until it fully embraced mobile in 2008 and became one of the first platforms to support the iPhone during the earliest days of the App Store. “Now Unity is poised to accelerate the advance of AR/VR with their unique ‘write once/ publish many’ engine which allows studios to easily support all hardware platforms without having to attempt to choose a winner.” DFJ Growth is the later-stage investment arm of Draper Fisher Jurvetson.