Unity Technologies Announces Investment From Sequoia Capital and Silicon Valley Luminaries

Mon Oct 26, 2009 11:00am EDT
 
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Unity Technologies Announces Investment From Sequoia Capital and Silicon
Valley Luminaries



SAN FRANCISCO, Oct. 26 /PRNewswire/ -- Unity Technologies, the leading
provider of the multi-platform game development platform for Web, PC, Mac, Wii
and iPhone, today announced that it has secured Series A financing of $5.5
million. The investment round was led by Sequoia Capital, the venture
investors behind well-known technology brands such as Apple, Electronic Arts,
Google and NVIDIA. The financing round also included David Gardner, the CEO of
Atari, and Diane Greene, founder and former CEO of VMware. Roelof Botha,
partner at Sequoia Capital, and Greene will be joining the board of directors.

Unity is a professional solution that combines a full development platform
with a 3D game engine in an integrated software package that enables high
performance 3D interactive content including console quality browser games,
iPhone and Nintendo Wii games. The Unity platform is currently used in world
class games such as Tiger Woods PGA Tour Online by Electronic Arts, the Quest
for R2D2 by LEGO and FusionFall by Cartoon Networks. Earlier this year, Unity
for iPhone was released and to date, more than 325 games are using the Unity
engine to power their iPhone games, including Zombieville USA, one of the top
10 iPhone games measured by units sold.

Sequoia Capital's investment underscores the significant business opportunity
in providing the best platform for the development of interactive content.
Analyst consensus is that entertainment value will drive sales even in this
tough economy. According to IDC, worldwide revenue representing retail value
of shipments of videogame consoles, dedicated handheld gaming devices and
packaged software for consoles and handhelds was up 15 percent in 2008
year-over-year. IDC anticipates continued growth of 14.1 percent in 2009 for
another record year. 

There is a rapid growth of available interactive content that is further
fueled by new online sites and technologies. While there is fierce competition
among virtual content providers to get a share of the users' wallets, not all
content is created equal and quality becomes one of the key differentiators.
Unity Technologies provides the best suite of tools to develop world class
content on various platforms without the traditional development pain.

"We are very excited to be involved with Unity Technologies at a time when the
demand for interactive content continues to grow exponentially," said Botha.
"We are seeing interactive content everywhere from game consoles to online
virtual worlds and social networking websites. Unity Technologies is
pioneering breakthrough products to allow developers to best respond to this
demand. They are well positioned to become the standard for high quality
content development." 

"When I first saw the quality of games which could be produced with the Unity
engine in such a short development time and in a web browser, I was blown
away!  Pardon the pun, but it is a game changer and the Unity technology can
greatly enhance the quality of browser visualization for many content
providers!" said Gardner. "Then I met the people behind the technology and
that is what turned me from a product fan to a company fan and investor. I
believe in the passion and capability of the team, the straightforward
business model and long term potential."

Unity Technologies' management team is led by CEO David Helgason, who
co-founded the company with Chief Creative Officer Nicholas Francis and Chief
Technology Officer Joachim Ante. 

"We are very pleased with the market recognition and adoption of our products
and technology," said Helgason. "It is particularly gratifying to see that our
offering can take the pain out of development for industry powerhouses such as
Electronic Arts as well as individuals and small development studios."

"One of the keys to delivering interactive entertainment experiences to a
wider group of players is reaching them on what platform they have, where they
have it, when they want it," said Richard Hilleman, Chief Creative Officer at
Electronic Arts and a Unity Technologies customer. "This 'Ubiquitous Gaming'
is a key new audience we see emerging, and Unity is one of the tools posed to
help deliver it."

What is Unique About Unity Technologies?
Unity Technologies is committed exclusively to the development community as
its only customer and its highest priority. The company is focused on
providing the best technology and products to democratize interactive content
development.

Unlike traditional online content development tools, the Unity suite enables
high performance 3D interactive content viewable and playable in an internet
browser - quality content can now be accessed by any internet user.

The Unity suite also allows developers to easily tap not only in the online
application market but also the fast growing iPhone and Wii application
markets.

And all of this power is available to all: Unity empowers development teams of
all sizes, including individuals, to create amazing content with their
imagination as the only limit.

Join Unity at the Unite Conference in San Francisco October 27-30, 2009
This year, the Unite conference features a keynote by Hilleman and a special
free to attend 1-day boot camp for Flash users to learn about transitioning to
Unity in addition to a packed program of tutorials, technical sessions and
hands on lab time.   

Following Unity tradition, Unite has proven to be an event for making new
business contacts, showing projects, making friends and learning how to do
stuff bigger and better.

Unite takes place on October 27-30, 2009 at the Fort Mason Center in San
Francisco, California.  For more information about Unite and to register visit
http://unity3d.com/unite/

About Sequoia Capital
Sequoia Capital provides venture capital funding to founders of startups who
want to turn business ideas into enduring companies. As the "Entrepreneurs
Behind the Entrepreneurs", Sequoia Capital's Partners have worked with
innovators such as Steve Jobs of Apple Computer, Larry Ellison of Oracle, Bob
Swanson of Linear Technology, Sandy Lerner and Len Bozack of Cisco Systems,
Dan Warmenhoven of NetApp, Jerry Yang and David Filo of Yahoo!, Jen-Hsun Huang
of NVIDIA, Michael Marks of Flextronics, Larry Page and Sergey Brin of Google,
Chad Hurley and Steve Chen of YouTube, Dominic Orr and Keerti Melkote of Aruba
Wireless Networks and Jonathan Kaplan of Pure Digital. To learn more about
Sequoia Capital visit www.sequoiacap.com

About Unity Technologies
Headquartered in San Francisco, Unity Technologies enables game developers of
all sizes to get their game made faster and more efficiently across a variety
of platforms. The Unity engine is platform agnostic and significantly expands
the reach for developers. As a fully supported deployment platform, developers
can now use Unity to drive development of the best games on iPhone, Mac and PC
as well as the Wii console. For more information about Unity technologies
visit unity3d.com

About David Gardner
David Gardner is the CEO of Atari. He started his career programming PDP-11s
in 1978 and selling Apple II computers in 1980 then joining Electronic Arts in
1983 as one of the first dozen employees. Gardner grew Electronic Arts in
Europe from a handful of people in the UK to gross revenue of approximately $1
billion dollars with more than 1,000 employees operating in 14 countries. In
addition, Gardner was also instrumental in making several acquisitions of
games publishers in Europe and integrating them into Electronic Arts. 

Gardner was promoted to Senior Vice President of International Publishing, a
post which was based in the US, where he continued to expand his international
responsibilities, with a focus on Asia. Shortly, thereafter, he was appointed
to Executive Vice President, Chief Operating Officer of Worldwide Studios.
During this period, he helped lead the reorganization of the Studio business
and expanded Electronic Art's presence in the key Asian markets of Korea and
China. Gardner left Electronic Arts in August of 2007 to return to live in
Europe with his family. He was awarded an OBE (Officer of the Most Excellent
Order of the British Empire) on the Queen's Birthday in June 2007.

About Diane Greene
Diane Greene was the Founder, President and CEO of VMware, Inc. Under Greene's
leadership, VMware created the market for mainstream virtualization and the
resulting virtualization software industry. Greene has held technical
leadership positions at Silicon Graphics, Sybase and Tandem and was CEO of
VXtreme. Greene serves on the board of Intuit and is a member of the MIT
Corporation.


SOURCE  Unity Technologies

USA, Amber Rowland, +1-650-814-4560, pr@unity3d.com, or Europe, Alison
Beasley, +44 (0)7966 449130, pr@unity3d.com, both of Unity Technologies

 

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