John Riccitiello, CEO of Unity Technologies, Says Company Could Go Public Now
If you play video games on your phone, there is a good chance you have played a game powered by Unity Technologies. The company's software is used for games on nearly 3 billion devices worldwide, and also helps scientists explore the innermost parts of the universe.
One of Unity's partners is [CERN, the European Organization for Nuclear Research](https://home.cern/), which runs one of the world's most powerful particle accelerators in Switzerland. Scientists there use the company's visualization tools, like the real-time 3D development platform, augmented reality, and virtual reality tools that are used to make video games.
"They use it to look at the particles as they bombard each other," said John Riccitiello, Unity's CEO, in an interview with Cheddar. "They're tired of looking at 20,000 pages of [histograms](https://home.cern/scientists/updates/2015/09/big-data-takes-root)."
Industry leaders in science and transportation have turned to the software company to build more dynamic products and tools that can be used outside of video games, Riccitiello said. And Utility is also looking to better serve "prosumers" ー the professional creators who use technology to build new products. There are an estimated half a million prosumers toying around with Unity's tools.
"I want to see that number go into the many millions," he said. "The world's a better place with more creators."
The company may also go public. "That's the general path," said Riccitiello. "We're not putting out dates but I do believe the company is strong enough financially to go public now."
He said the company has around $300 million in revenue and is seeing "very aggressive growth."
For full interview, [click here](https://cheddar.com/videos/the-power-of-unity)
Ben & Jerry’s co-founder Jerry Greenfield is leaving the ice cream brand after 47 years. He says the freedom the company used to have to speak up on social issues has been stifled
The Trump administration has issued its first warnings to online services that offer unofficial versions of popular drugs like the blockbuster obesity treatment Wegovy.
Oracle soars as it cashes in on the AI boom, Plus: Starbucks shares continue to fall under its new CEO, and does anybody actually want a new iPhone Air?
Swedish buy now, pay later company Klarna is making its highly anticipated public debut on the New York Stock Exchange Wednesday, the latest in a run of high-profile initial public offerings this year. The offering priced at $40 Tuesday, above the forecasted range of $35 to $37 a share, valuing the company at more than $15 billion. The valuation easily makes Klarna one of the biggest IPOs so far in 2025, which has been one of the busier years for companies going public. Other popular IPOs so far this year include the design software company Figma and Circle Internet Group, which issues the USDC stablecoin..
Oracle co-founder Larry Ellison wrested the title of the world’s richest man from longtime holder Elon Musk early Wednesday as stock in his software giant rocketed more than a third in a stunning few minutes of trading. That is according to wealth tracker Bloomberg. A college dropout, the 81-year-old Ellison is now worth $393 billion, Bloomberg says, several billion more than Musk, who had been the world’s richest for four years. The switch in the ranking came after a blockbuster earnings report from Oracle. Forbes still has Musk as the richest, however, valuing his private businesses much higher.
