Splitgate has more than 13M downloads.

1047 Games raises $100M at $1.5B valuation after 13M Splitgate downloads

1047 Games announced today raised $100 million at a $1.5 billion valuation after getting 13 million downloads for the Portal-like Splitgate.

That’s an amazing turn of events for the Zephyr Cove, Nevada-based game studio, which launched a beta version of the free-to-play game in 2019.

Unlock premium content and VIP community perks with GB M A X! Join now to enjoy our free and premium perks. 

Join now →

Sign in to your account.

Dean Takahashi

Dean Takahashi is editorial director for GamesBeat. He has been a tech journalist since 1988, and he has covered games as a beat since 1996. He was lead writer for GamesBeat at VentureBeat from 2008 to April 2025. Prior to that, he wrote for the San Jose Mercury News, the Red Herring, the Wall Street Journal, the Los Angeles Times, and the Dallas Times-Herald. He is the author of two books, "Opening the Xbox" and "The Xbox 360 Uncloaked." He organizes the annual GamesBeat Next, GamesBeat Summit and GamesBeat Insider Series: Hollywood and Games conferences and is a frequent speaker at gaming and tech events. He lives in the San Francisco Bay Area.