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Gaming Startup Unity Raises $181 Million

The company is valued at $1.5 billion.
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Photographer: Brianna Soukup/Portland Press Herald via Getty Images

Unity Technologies has raised $181 million in new funding, the company said on Wednesday. The fundraising round values the company at approximately $1.5 billion. DFJ Growth, a late stage venture capital firm that has also invested in Twitter, Tumblr, and Tesla, led the round. 

Unity makes a type of software known as a game engine, a suite of tools that help people create video games. It is one of the two leading engine companies, along with Epic Games, creator of the Unreal Engine. Historically, Unity has been the tool of choice for smaller game developers, while Epic’s clients have been larger publishers, although each company has been edging in on the other’s territory.