Intel Capital, semiconductor chip producer Intel’s corporate venturing unit, has invested an undisclosed amount in US-based gaming technology developer Razer at a $1bn valuation, Techcrunch reported on Wednesday.
A leaked memo from the company stated: “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”.
Razer is also backed by the IDG-Accel Fund, the joint partnership fund established by research and media company International Data Group and venture firm Accel Partners, which invested $50m in Razer in 2011.
Razer produces high-end gaming products such as software or peripheral gaming aceessories. In April the company announced a partnership with internet portal Tencent to help develop its social smartband, Nabu.
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