Razer is now valued at over $1B after latest funding

Razer Blade 2014

Razer, the company that almost every gamer is familiar with, has now joined the ranks of elite startups. After a recent session of funding under Intel’s unbrella, Razer is now valued at over $1 billion. An internal memo to staff has leaked which is reported by TechCrunch. Since last couple of years, Razer has tapped new industries as well. They have been limited to gaming peripherals for quite a time but recently they’ve started making gaming systems and wearables.

Razer Blade 2014

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 notes.

Intel and Razer has not commented on this story yet and neither issued an official statement. Prior to this, Razer secured $50 million in funding in 2011 from IDG and Accel, from their joint China fund..

Razer has been growing rapidly in past few years and now they are on the verge of entering wearables market with their Nabu smartband which was unveiled at CES 2014 and will be made available to public in few weeks. The latest round of funding will enable Razer to make their current projects successful and jump into new territories as well.

Source: TechCrunch

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