Razer Reportedly Valued At $1 Billion Following Rumored Round Of Funding With Intel

By Matthew Buzzi , Updated Oct 16, 2014 05:10 PM EDT
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On the back of recent market success, gaming hardware company Razer is now reportedly valued at $1 billion.

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TechCrunch was handed an internal staff memo from the company by an anonymous source that supposedly reveals details on Razer's valuation after a round of funding with Intel.

"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," the memo states.

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TechCrunch states that sources have "indirectly confirmed" the memo to be legitimate--Razer and Intel have of course declined to comment. It remains to be seen if this will lead to a public announcement any time soon, but it is the company's first noted funding round in several years.

The gaming electronics maker has seen success with its peripherals that include high-end mice, keyboards, and the upcoming wearable Nabu smartband. It also launched its own premium gaming laptop, the Blade, which has attracted a niche market.

It's a competitive field, with an increasing number of companies pushing their line of high-end products through a range of avenues, but Razer is already one of the more established brands in the space. It has also done will to diversify--Nabu can be a grab for the more mainstream market while Razer continues to push its brand elsewhere through competitive gaming and products for the hardcore crowd.

TAG Razer, intel
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