Funding from Intel values Razer above $1 billion, report says

Intel appears to be the latest partner to climb on the Razer bandwagon.

The San Diego-based gaming hardware company, which has been racking up a string of big announcements this year, has apparently scored a new investment from Intel Capital that values the company at more than $1 billion, according to a report on TechCrunch.

“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,” reads an internal Razer memo that TechCrunch says it obtained.

The report doesn’t specify how much Intel invested or whether there were other firms participating in the round.

In August, Razer announced a partnership with China’s Tencent to use its Nabu smartband, a wearable computer that lets players earn rewards for games based on achieving their exercise and fitness goals in the real word. And back in March, Razer unveiled new high-end gaming laptops.

Intel did not respond to messages from VentureBeat requesting comment.