
1047 Games
Founded Year
2016Stage
Series B | AliveTotal Raised
$126.5MValuation
$0000Last Raised
$100M | 4 yrs agoMosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
-9 points in the past 30 days
About 1047 Games
1047 Games offers video game development that creates first-person shooter games. Its main product, Splitgate 2, is a competitive multiplayer shooter that integrates portal mechanics into arena combat. Its game allows players to customize their characters and weapons while competing in arenas. It was founded in 2016 and is based in Zephyr Cove, Nevada.
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Expert Collections containing 1047 Games
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
1047 Games is included in 2 Expert Collections, including Gaming.
Gaming
5,684 items
Gaming companies are defined as those developing technologies for the PC, console, mobile, and/or AR/VR video gaming market.
Unicorns- Billion Dollar Startups
1,297 items
Latest 1047 Games News
Sep 14, 2025
Splitgate 2 Enters Beta Phase After Underwhelming Launch and Workforce Cuts by 1047 Games Like Splitgate 2 Enters Beta Phase After Underwhelming Launch and Workforce Cuts by 1047 Games In the ever-evolving landscape of multiplayer gaming, few titles have managed to create a buzz quite like Splitgate. A fusion of portal mechanics and classic arena shooter action, the game initially captured audiences with its innovative gameplay. However, despite a promising start, Splitgate’s journey has been fraught with challenges. Now, in an effort to reclaim momentum, 1047 Games has announced that Splitgate 2 has entered its beta phase, a move met with a mixture of optimism and skepticism from the gaming community. A Turbulent Launch Splitgate, which combines elements of first-person shooters with the strategic placement of portals, garnered attention during its early access phase. With a unique twist reminiscent of classics like Halo and Portal, it appealed to a generation of gamers seeking something fresh. However, the official launch in July 2021 did not live up to expectations. While some lauded the innovative mechanics, others criticized the lack of content and polish, leading to a tepid reception from many players. Coupled with server issues that plagued the initial rollout, the game faced significant challenges in building a loyal player base. Workforce Reduction and Its Implications In a shocking turn of events in early 2023, 1047 Games announced it would be reducing its workforce by approximately 30%, resulting in the layoff of around 104 employees. This decision sent ripples through the gaming industry, as it highlighted the struggles that small to mid-sized studios often face in a competitive market. The layoffs raised concerns over the company’s capacity to support and expand Splitgate, further jeopardizing the game’s future amid already dwindling player numbers. The Path Forward: Entering Beta Phase Despite these hurdles, 1047 Games remains committed to reviving Splitgate. As of October 2023, the announcement of Splitgate 2 entering its beta phase signals a glimmer of hope for both the developers and the players. This beta phase aims to address the shortcomings of its predecessor while introducing new gameplay features and improved mechanics. Community feedback, a vital component of game development, is being prioritized, allowing players to directly influence the trajectory of the new installment. Key Features and Community Engagement Among the promised features, Splitgate 2 appears to focus on enhancing player experience through better matchmaking algorithms, improved graphics, and a more robust map selection. Additionally, 1047 Games is committed to developing new game modes that provide varied gameplay experiences beyond the standard arena battles. The active involvement of the community during the beta testing phase has been touted as a cornerstone of the development process. Players are encouraged to voice their opinions on game balance, map designs, and other mechanics. This collaborative approach aims to rebuild trust and loyalty among a community that felt neglected after the original launch. Looking Ahead: Can Splitgate 2 Succeed? The entry of Splitgate 2 into beta marks a critical juncture for 1047 Games. The gaming landscape is ever-changing, with titles like Apex Legends and Valorant dominating the multiplayer scene. For Splitgate 2 to carve out its niche, it will need not only to rebuild its core mechanics but also to offer a compelling reason for players to return. As the beta unfolds, it will be essential for 1047 Games to maintain open lines of communication with its community, showcasing their commitment to improvement and refinement. The success of Splitgate 2 rests not only on the game itself but also on the restoration of trust in its development team. Conclusion As Splitgate 2 steps into its beta phase, the echoes of its predecessor’s rocky launch resonate throughout the community. While challenges lie ahead, both 1047 Games and players are hopeful that the innovative spirit of Splitgate can be rekindled with this new installment. Only time will tell whether the nostalgia and excitement can translate into a successful revival, but for now, the journey continues as players eagerly await the next chapter of this unique shooting experience.
1047 Games Frequently Asked Questions (FAQ)
When was 1047 Games founded?
1047 Games was founded in 2016.
Where is 1047 Games's headquarters?
1047 Games's headquarters is located at Zephyr Cove.
What is 1047 Games's latest funding round?
1047 Games's latest funding round is Series B.
How much did 1047 Games raise?
1047 Games raised a total of $126.5M.
Who are the investors of 1047 Games?
Investors of 1047 Games include Human Capital, Lakestar, vgames, Galaxy Interactive, Insight Partners and 8 more.
Who are 1047 Games's competitors?
Competitors of 1047 Games include Omeda Studios and 5 more.
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