CPPIB invests in 3D development platform Unity Technologies

Unity Technologies, a San Francisco-based real-time 3D development platform, has signed investment agreements with several investors, including Canada Pension Plan Investment Board. Terms weren’t disclosed for the agreements, which were also made with existing investors Sequoia Capital and Silver Lake Partners, among others. Unity also opened a tender offer of up to $525 million for common shareholders, which could bring recent investment to $675 million. It said the latest deal values the business at $6 billion. Launched in 2003, Unity provides content creators with tools to create interactive 2D, 3D, virtual reality and augmented reality experiences.