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Wants to make “new classic games”.
The developer of the free-to-download first-person shooter Splitgate just received $ 100 million in funding.
1047 Games has announced that it has closed a third round of funding that grossed $ 100 million for a tantalizing valuation of $ 1.5 billion. The developer has now seen more than $ 120 million in investment in the three months since Splitgate hit the mainstream
Splitgate, a competitive sci-fi first-person shooter that looks like a cross between Halo and Portal (check out Vikki Blake’s review on Splitgate for more), was set to launch in July on PC, Xbox One, Xbox Series X and S, PlayStation 4 and PlayStation 5. But 1047 Games delayed the launch of Splitgate in August because open beta was so popular.
He then announced that Splitgate will remain in open beta for the foreseeable future as it strives to increase server capacity.
Splitgate recorded over 10 million downloads in less than 30 days and reached over 175,000 simultaneous players in just a few weeks. It’s now over 13 million downloads.
1047 Games said the funding means it can “build its full vision of Splitgate as a leading competitive AAA shooter and begin to implement the studio’s broader vision to establish itself as a premier creative force. plan of a distinct and inventive intellectual property in the play space “.
The long-term vision is “to usher in an era of ‘new’ classic games,” which involves genres “where innovation is currently at a standstill by providing transformative new perspectives in well-known and globally recognized game genres. “.
Lightspeed Venture Partners is the lead investor, alongside global private equity and venture capital firm Insight Partners, Anthos Capital and previous investors Galaxy Interactive, VGames, Human Capital, Lakestar, DraperDragon and Draper University.
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