informa
/
Business
News

1047 Games nets $100 million to expand and support sci-fi shooter Splitgate

The investment round has placed a valuation of $1.5 billion on 1047 Games.

Splitgate developer 1047 Games has raised $100 million in funding at a $1.5 billion valuation to continue developing the reality-warping shooter

The investment round, which is the third for 1047 Games in as many months, was led by Lightspeed Venture Partners and means the studio has raised $120 million over the past 12 weeks.

The cash will allow 1047 to turn Splitgate into a "top-tier, AAA competitive shooter" as part of its larger vision for the title. The studio also intends to use the funds to make new hires.

"Building on our core success with Splitgate is our main focus in the immediate future -- we are rapidly scaling across all areas of our studio,” said 1047 CEO and co-founder, Ian Proulx. "We are far from finished building out what we feel is the complete Splitgate experience for our loyal and dedicated fans. The funding secured from our partners, combined with the belief and support of our vision, enables us to focus on both our short-term growth needs."

Splitgate is currently available to play in open beta and has amassed over 13 million downloads in less than two months. The free-to-play shooter only crossed 10 million downloads in August, with that success prompting the dev team to extend the beta indefinitely.

Latest Jobs

Sucker Punch Productions

Bellevue, Washington
08.27.21
Combat Designer

Xbox Graphics

Redmond, Washington
08.27.21
Senior Software Engineer: GPU Compilers

Insomniac Games

Burbank, California
08.27.21
Systems Designer

Deep Silver Volition

Champaign, Illinois
08.27.21
Senior Environment Artist
More Jobs   

CONNECT WITH US

Register for a
Subscribe to
Follow us

Game Developer Account

Game Developer Newsletter

@gamedevdotcom

Register for a

Game Developer Account

Gain full access to resources (events, white paper, webinars, reports, etc)
Single sign-on to all Informa products

Register
Subscribe to

Game Developer Newsletter

Get daily Game Developer top stories every morning straight into your inbox

Subscribe
Follow us

@gamedevdotcom

Follow us @gamedevdotcom to stay up-to-date with the latest news & insider information about events & more