Tech

Unity, the $6.3 billion startup that quietly powers some of the biggest video games in the world, is reportedly ramping up for an IPO as soon as this year

pokemon go
Players look at their phones during a "Pokemon Go" event at Memorial Stadium in Lincoln, Neb., Thursday, July 14, 2016. Nebraska Athletic Department officials opened Memorial Stadium for two hours Thursday to accommodate "Pokemon Go" players eager to capture animated monsters at the venerated field. AP Photo/Nati Harnik
Read in app

In the summer of 2016, millions of people around the world spent countless hours catching virtual Pokémon, as "Pokémon Go" became a cultural event unlike any other in gaming.

Now, Unity Technologies, the company behind the epynomous engine that powers "Pokémon Go" and dozens of other blockbuster games, is planning to go public this fall, according to a Bloomberg report.

The company was most recently privately valued at around $6.3 billion, according to PitchBook. It's also not the first time that a potential IPO for Unity has come up: The company was previously said to be eyeing going public in the first half of 2020. Moreover, the new report says that Goldman Sachs is leading Unity's sale process.

"We are laser-focused on the success of our customers and on the health and safety of our employees. We do not comment on future financing plans," a spokesperson for Unity said. 

The Unity engine is essentially a software suite that powers the creation of new games. It's widely-used across the video game industry, underlying popular titles including "Untitled Goose Game," "Outer Wilds," and "Mario Kart Tour." 

Its largest single rival is likely Epic Games, creators of "Fortnite," which also offers the popular Unreal Engine to developers. The Unreal Engine has been put to use in games like "Star Wars Jedi: Fallen Order" and "Final Fantasy VII Remake," among many others. 

Goldman Sachs was not immediately available for comment.

Read next

Ben was a senior correspondent based in New York City. He specialized in coverage of video games, consumer technology, food, and culture.He has a BA in magazine journalism from Temple University. He wrote for the Philly Weekly and served as a senior reporter at Joystiq before joining Engadget as a senior editor in 2012.Ben joined Tech Insider as a member of the founding staff in April 2015 and transitioned to Insider in July 2016. He doesn't like writing in the third person.