Unity Technology Adds Independent Board of Directors As It Eyes Future IPO

The Board of Directors of Unity Technologies, announced the appointment of Robynne Sisco and Max Levchin. The appointment makes Levchin and Sisco the company’s first independent board members.

“We are thrilled to welcome Max and Robynne to our Board of Directors — two accomplished business leaders with tremendous vision and expertise,” said John Riccitiello, Chief Executive Officer of Unity Technologies. “Robynne is a financial leader with strong vision and Max is a business expert who’s helped guide some of the most intriguing companies in tech today. I’m confident their experiences will add great value to our Board, and look forward to benefiting from their strategic insight and counsel.”

Robynne Sisco

Robynne Sisco is Chief Financial Officer at Workday, and brings nearly 30 years of corporate finance and accounting experience to the role. Prior to joining Workday, Robynne was chief accounting officer and corporate controller at VMware, where she was responsible for accounting operations, real estate, and facilities.

“It is a rare opportunity to sit on the board of a company that is not only transforming the landscape in gaming, VR/AR and 3D visualization, but also impacting the way people will interact in the future,” said Robynne Sisco. “I look forward to working with Unity on this exciting journey.”

Max Levchin

Angel investor and serial entrepreneur Max Levchin is the cofounder and CEO of Affirm, cofounder and president of HVF Labs, cofounder and chairman of Glow, cofounder and General Partner of SciFi VC, advisory board member of the U.S. Consumer Financial Protection Bureau, board member of Mixpanel, first investor and former chairman of Yelp and cofounder and former CTO of PayPal.

“My ‘first love’ in computer science was always graphics. It’s what I would have spent my career in, except financial services kinda got in the way,” said Max Levchin. “I am excited to join the team at Unity as they build the best computer graphics company in the world.”

M2 Analyst Insights

It seems clear to most that Unity is building it’s arsenal as it readies for an eventual IPO.  Today Unity estimates that it powers more than 50% of all new mobile games and almost 70% of all AR and VR content. The company also estimates that interactive content made with Unity now reaches nearly three billion devices worldwide. It is an exciting time for sure as the company has the  potential to become the next Autodesk or Adobe.

Unity’s current market, and success, has been is greatly tied to game development. In order to be broadly adopted they will have to make solid inroads into non-gaming markets such as VFX, cinematics, product design, architecture and visualization – all markets where both Adobe and Autodesk command extremely strong market penetration.  How quickly can the company bridge to these other markets and grow market share? This is something we will be watching for in the coming months. 

 

Wanda Meloni

About Wanda Meloni

Wanda Meloni is a leading market analyst in the areas of digital and interactive media, VR/AR, development tools & graphics tech. As CEO and principal analyst of M2 Insights, Wanda has been quoted in Fortune, Fast Company, Financial Times, Wall Street Journal, USA Today, New York Times, and Los Angeles Times. She also speaks at numerous industry conferences and events. She can be reached directly at wanda@M2-Insights.com