Razer Reportedly Valued At $1 Billion Following Rumored Round Of Funding With Intel
On the back of recent market success, gaming hardware company Razer is now reportedly valued at $1 billion.
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.
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.
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