1047 Games Success Story: An online multiplayer first person shooter game Splitgate

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1047 Games Success Story

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 Highlights

Company Name-1047 Games
Headquarters-San Francisco, California, United States
Primary Industry-Computer Games
Founders-Ian Proulx, Nicholas Bagamian
Founded In-2017
Website-Splitgate.com

1047 Games - About

Set 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.

1047 Games - Founders and Team

The San Francisco-based company – 1047 Games was founded by Ian Proulx and Nicholas Bagamian.

Ian Proulx

Ian 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 Bagamian

Nicholas 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 Story

Ian 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 Vision

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. 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 Investors

1047 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.

1047 Games - Patents and Trademarks

Presently, the company has registered 3 trademarks with the world popular class being ‘Scientific and electric apparatus and instruments.’

1047 Games - Mergers and Acquisitions

The 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 - Growth

In 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 - Competitors

Now 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 Games
Tom Vine
Hardmode Games
Sploder
Absolute Games

1047 Games - Future

In 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.

FAQs

What 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.