Friday, October 17, 2014

Funding from Intel values Razer above $1 billion, report says


Funding from Intel values Razer above $1 billion, report says




Above: Razer CEO Min-Liang Tan with the new Razer Blade laptop.


Image Credit: Eric Blattberg / VentureBeat



Intel appears to be the latest partner to climb on the Razer bandwagon.


The San Diego-based company, which has been racking up a string of big announcements this year, has apparently scored a new investment from Intel Capital that values the company at more than $1 billion, according to a report on TechCrunch.


“We’re already one of the billion dollar unicorns in the tech start-up world and now, we’ve got more resources than ever to allow us to focus on designing and developing the best experiences for gamers worldwide,” reads an internal Razer memo that TechCrunch says it obtained.


The report doesn’t specify how much Intel invested, or whether there were other firms participating in the round.


In August, Razer announced a partnership with China’s Tencent to use its Nabu smartband.  And back in March, Razer unveiled new high-end gaming laptops.


Intel did not respond to messages from VentureBeat requesting comment.


 




Mobile developer or publisher? VentureBeat is studying mobile marketing automation.


Fill out our 5-minute survey, and we’ll share the data with you.



read more »



No comments: