The San Diego-based gaming tech giant, Razer, is currently valued at an estimated US$1B (RM3,280,000,000), after closing out a round of funding with Intel. With Razer’s entry into the billion-dollar club, it joins the likes of Uber, Spotify and Snapchat.
The information is courtesy of a leaked internal memo meant for staff but was later passed onto TechCrunch through an anonymous source. The memo states that at this current point in time, the company is capable of allocating as many resources as possible to ensure that gamers worldwide are able to utilise gaming peripherals of the highest quality. Razer and Intel have not responded to the supposed leak memo so far.
This news comes as no surprise though as Intel has had a history of funding multiple gaming companies through their global investment organisation, Intel Capital. Companies that have received funding from Intel include Swrve, Hungama, Gaikai to name a few.
Ever since it’s last funding of US$50 million in 2011 from IDG and Accel, the gaming company has grown quite a fair bit. What with the expansion to their line of peripherals in the form of multi-coloured lighting, the critically acclaimed Blade laptop and it’s latest foray into the world of wearables in the form of the Nabu.
Other minor details in the memo include the installation of three new board members in San Diego – an important investor and a two others based in Silicon Valley.
With Razer’s supposed large library of resources, one can only wonder what the latest addition in Razer’s line of peripherals can bring.
[Source:TechCrunch]
