Razer gets a $1 billion valuation

While we wouldn't call a company that's been around since 1998 a startup, WSJ points out that gaming peripheral maker Razer has just joined the elite rank of startups thanks to a new funding deal from Intel's venture-capital division that values the company at over $1 billion.

No exact details are known but it looks like Razer will use the fresh money to pursue new products, like the Nabu smartband, as well as other products that can enhance the experience of gamers worldwide.

The Carlsbad, Calif., company has a attained a valuation of more than $1 billion, thanks to new funding from Intel’s venture-capital arm, according to a person familiar with the situation.

The precise size of Intel’s contribution has not been disclosed, and Razer officials didn’t respond to requests for comment. The investment was reported earlier by TechCrunch.