About Roblox
Roblox is an online gaming and entertainment platform that offers a shared digital experience that brings people together through play.
Headquarters
Roblox, San Mateo
Founded
2004-01-01
Industry
3D Technology, Gaming, Metaverse, Online Games, Software, Video Games
Last Funding Type
Post Ipo Equity
Valuation
14
Total Funding
$874.45 million dollars
IPO Status
Public
Financial
Roblox reported strong financial growth with a 25% year-over-year increase in bookings, surpassing $1 billion in the last quarter. The company also achieved a significant milestone by reaching 77 million users. Despite these positive metrics, Roblox experienced deepening net losses and a slowdown in player spending. Additionally, the company announced that ad revenues would not have a notable impact on its business this year.
Roblox is focusing on enhancing user experiences in virtual environments. They are developing methods for creating animated avatar variants using low-resolution cages, which allows for diverse avatar customization. Additionally, they are working on robust facial animation from video using neural networks, enabling realistic avatar expressions. Language detection for user input text in online gaming is another area of research, improving communication across different languages. These efforts highlight Roblox's commitment to advancing avatar customization, realistic animations, and multilingual communication in their platform.
Roblox is focusing on enhancing user experiences in virtual environments. They are developing methods for creating animated avatar variants using low-resolution cages, which allows for diverse avatar customization. Additionally, they are working on robust facial animation from video using neural networks, enabling realistic avatar expressions. Language detection for user input text in online gaming is another area of research, improving communication across different languages. These efforts highlight Roblox's commitment to advancing avatar customization, realistic animations, and multilingual communication in their platform.
Funding Rounds
13
Number of Lead Investors
9
Total Funding Amount
$874.45 million dollars
Number of Investors
18