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Gaming also referred to as video games or electronic games, is typically a computer application that is played by users with a certain set of rules. Video or mobile games have entertained children and adults for decades. As technology continued to evolve and improve, so do video games.
In 2022, the global gaming market size was estimated to be $202.7 billion. Looking forward, the market is predicted to reach approximately $343.6 billion by 2028, implying a growth rate (CAGR) of 9.08% during 2023-2028.
Since the computer gaming sector is growing drastically, the industry is providing several companies the opportunity to enter the market and thrive. One such leading company is 1047 Games – an American video game development studio that began with the simple principle that developers should have fun while making games.
Here you will get to know everything about 1047 Games - one of the fastest-growing video gaming companies.
1047 Games – Company HighlightsCompany Name1047 GamesHeadquartersSan Francisco, California, United StatesPrimary IndustryComputer GamesFoundersIan Proulx, Nicholas BagamianFounded In2017WebsiteSplitgate.com1047 Games - About1047 Games - Founders and Team1047 Games - Startup Story1047 Games - Mission and Vision1047 Games - Funding and Investors1047 Games - Patents and Trademarks1047 Games - Mergers and Acquisitions1047 Games - Growth1047 Games - Competitors1047 Games - Future
1047 Games - AboutSet up in 2017, 1047 Games is a US-based video gaming company. It is building the next great AAA studio for creating a new gaming generation that can offer amazing experiences. The company is popular in the world for designing and launching the first-person sci-fi shooter video game- Splitgate.
Evolution of Gaming Industry: History, Present & Future [Case Study]Gaming industry is one of the most profitable billion dollar industry growing at a fast pace. So, Here’s a brief look at its history, present and future.
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1047 Games - Founders and TeamThe San Francisco-based company – 1047 Games was founded by Ian Proulx and Nicholas Bagamian.
Ian Proulx, Nicholas Bagamian - Founders, 1047 GamesIan ProulxIan Proulx is the CEO of the 1047 Games. He graduated from Stanford University and earned a degree in Computer Science. Before commencing his own company, he held the role of video game tester and worked as a game technologies software engineering intern.
Nicholas BagamianNicholas Bagamian graduated from Stanford University with a degree in Computer Science. He held the role of web designer and software engineering intern before co-founding and working as the CTO of 1047 Games.
1047 Games is a fully remote studio allowing the company to tap talent from anywhere in the world. When it comes to the company size, there are approximately 150 employees.
1047 Games - Startup StoryIan Proulx and Nicholas Bagamian came up with the idea of starting their own gaming company during their graduation. They started 1047 Games in their dorm room at Stanford and named the company after the building’s address.
The co-founders were supposed to work on the game as a school project and within 6 months, they came up with the sci-fi first-person shooter game 'Splitgate.' The game turned out to be a success as it drew 600,000 downloads in the first month after its demo release. It is on May 24, 2019, that it was officially launched as a free-to-play time on Steam.
1047 Games have come a long way – what commenced as two computer science majors putting portals into a first-person shooter (FPS) game for a demo project, has now evolved into a VC-backed company.
1047 Games - Mission and Vision1047 Games is established for creating a new generation world where developers can have fun while creating games and users can get amazing experiences while playing games. The privately held company is working to bring together a young, talented core development team with seasoned veterans across the industry to create high-end computer games.
1047 Games - Funding and Investors1047 Game has raised a total of 116.5 million in funding all over 4 rounds with the valuation at $1.5 billion (September 2021).
The latest funding round was held on 14 September 2021 – Series B funding in which 1047 Games raised $100 million with the participation of around 10 investors.
DateRoundNumber of InvestorsMoney RaisedLead InvestorSeptember 14, 2021Venture Round10$100 millionLightspeed Venture PartnersJuly 26, 2021Venture Round1$10 millionHuman CapitalMarch 11, 2019Venture Round4$6.5 millionGalaxy InteractiveDecember 1, 2018Pre-Seed Round1-- 1047 Games - Patents and TrademarksPresently, the company has registered 3 trademarks with the world popular class being ‘Scientific and electric apparatus and instruments.’
1047 Games - Mergers and AcquisitionsThe company acquired EQU8 Anti-Cheat on November 1, 2022, with the plan to utilize it for its next game. It has been using EQU8’s anti-cheat since August 2020, so the company decided to buy the service for itself. Not only 1047 Games acquired the EQU8, but also its talented engineers, Andreas Hannson and Pierre Lindblad who focus on building the anti-cheat platform to create a new game.
1047 Games - GrowthIn 2022, the estimated annual revenue of 1047 Games is reported to be $12.5 million per year ($181,800 per employee). Furthermore, the monthly visits growth rate of the company’s website is 62.41%.
1047 Games - CompetitorsNow that the computer gaming industry is growing at a faster pace, the competition is only going to expand. 1047 Games is one of the leading companies in the US that faces competition from several enterprises. The top competitors are:
Casual Distraction GamesTom VineHardmode GamesSploderAbsolute Games 1047 Games - FutureIn September 2022, the company announced that it had ceased the feature development of its first-person shooter game (Splitgate). Instead, it is going to focus on a sequel created using Unreal Engine. With the company’s hit game, growing team, and the best investors backing it, its future is potentially bright.
When One Portal Closes Another Opens - A Splitgate SpecialFAQsWhat inspired the creation of the 1047 Games?1047 Games was founded by a group of passionate gamers and game developers who wanted to create a studio that prioritized creativity, innovation, and fun.
Who is the CEO of 1047 Games?Ian Proulx is the CEO and co-founder of 1047 Games.
What is the vision of the 1047 Games?1047 Games is established for creating a new generation world where developers can have fun while creating games and users can get amazing experiences while playing games.
Who are the competitors of the 1047 Games?1047 Games is one of the leading companies in the US that faces competition from several gaming enterprises. The top competitors are:
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