Razer, known for its gaming peripherals and devices, has joined the elite club of billion-dollar companies. According to a TechCrunch report, the San Diego-based company recently attained a valuation of over $1 billion, thanks to new funding from Intel Capital, the chip giant's venture-capital arm.
“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”, noted a leaked internal memo which was handed over to TechCrunch by an anonymous source.
The memo also says the company now counts over 10 million people using its software, with over 2 million logged on daily, and details the appointment of three new board members, with one identified as an investor in the company.
Neither Razer nor Intel responded to requests for comment, but TechCrunch says its sources have indirectly confirmed the memo is legitimate.
Following its mantra "For Gamers. By Gamers", Razer has seen success with its high-end gaming mice and keyboards as well as its Blade gaming laptops and Edge tablets. The company claims to have shipped 11 million connected devices, with 7 million gamers using its products, and is also set to enter the wearables market with its Nabu smartband, due in the coming weeks.
The last round of funding for Razer was in 2011, when the company raised $50 million from IDG and Accel. Just how much money Intel has invested in this latest round is not yet known.