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Splitgate Devs Raise $100M to Continue Development

1047 Games has raised $120 million in total.
1047 Games has raised $120 million in total. / Photo courtesy of 1047 Games

Splitgate development studio 1047 Games has raised $100 million in funding, it announced Tuesday.

In a statement, 1047 Games CEO Ian "CardinalSoldier" Proulx assuaged the fears of players who thought the studio was pursuing an acquisition, and assured them the new funds would help make Splitgate the best it can be now that company has "solidified our future as an independent, community-first game studio."

Splitgate Devs Raise $100M to Continue Development

"This means that we can hire A LOT more developers. Which in turn means: We can implement better and more frequent updates to Splitgate. We can add more features that as always, originate from community feedback. We can fix bugs faster. We can support much larger numbers of players. We can come to more platforms. EVERYTHING is now on the table, and the scope of what we can achieve just got 10x bigger!" he said.

The $100 million comes on top of $20 million 1047 has raised since Splitgate found its way into the mainstream, and it arrives with a $1.5 billion valuation.

That rise to prominence began in July, when the game kicked off its open beta. Although the plan was originally to end that beta and shift focus to a final release later on, 1047 decided to keep the game in open beta indefinitely as it continued development on the game. The game has seen more than 13 million downloads total.

"The focus over the coming months will be on growing to become the next big AAA studio, while staying true to our roots as an indie team that prioritizes our community," Proulx continued.

"When Splitgate comes out of BETA and launches 1.0, it will be a truly historic launch beyond anything we previously could have dreamed of."