Following its third round of funding, Splitgate developer 1047 Games has raised $ 100 million, which the company says will help carry out the studio’s long-term vision of revitalizing outdated game genres.
In a press release, the studio confirmed that its most recent funding round will help the studio develop its vision of Splitgate as a competitive AAA top-tier shooter and further establish the company as a “leading creative force of distinct and inventive. IP in the game space “.
According to the developer, the additional financial firepower awarded will help contribute to its long-term ambition to create a new era of classic games. In doing so, 1047 Games will aim to pioneer genres that it says are “currently stuck” by implementing “new takes in well-known and globally recognized genres.”
Long-term goals aside, however, 1047 Games CEO and co-founder Ian Proulx confirmed that the studio’s immediate future remains fully committed to the work at Splitgate. “Building on our core success with Splitgate is our main focus for the foreseeable future; we are scaling rapidly in all areas of our study, ”Proulx said.
“We are far from finished building what we believe is the complete Splitgate experience for our loyal and dedicated fans. Funding obtained from our partners, combined with the belief in and support of our vision, enables us to focus on our short-term growth needs and, more importantly, our long-term vision of 1047 Games as a prime mover. of completely new games. experiences for fans. “
1047 Funding for the games comes from various private equity companies. However, it is the venture capital firm Lightspeed Venture Partners that has taken on the role of lead investor in the study. Amy Wu, a partner at the investment firm, spoke further about what attracted the company to 1047 Games.
“In gaming, Lightspeed focuses on founders who have a bold vision for innovation and a determination to build the next generation platform,” said Wu. “We found that with Ian and Nick. They have done a lot with minimal funding and we are excited to see what they can do with more firepower. We are proud to help them take their brand to the next level. “
Nor is it difficult to argue with the investment firm’s comments. In August, 1047 Games announced that Splitgate would remain in open beta for the foreseeable future due to the unexpected popularity of the title during the summer months. Before long, the developer worked hard to dramatically improve the game’s server capacity in order to cater to its new player base. The team then released their first competitive season for Splitgate which added a new map called Karma Station to the game, as well as a 100-level Battle Pass filled with unlockable items and a new mode called Pollution.
Jared Moore is an IGN freelance writer who spends much of his time in Splitgate trying to throw grenades at enemy portals. You can follow it on Twitter.