Unity's Acquisition Of VisualLive Could Be A Game Changer

While the gaming community's eyes are all on Roblox today, Unity Software has just made a big investment in its future.
March 10, 2021
Unlock Free Stock Insights + 50% Off Discount Code!
Join thousands of savvy investors and get:
  • Weekly Stock Picks: Handpicked from 60,000 global options.
  • Ten Must-Have Stocks: Essential picks to hold until 2034.
  • Exclusive Stock Library: In-depth analysis of 60 top stocks.
  • Proven Success: 10-year track record of outperforming the market.
Sign up to our mailing list now and enjoy a 50% discount on premium services!
By submitting your email address, you consent to us keeping you informed about updates to our website and about other products and services that we think might interest you. You can unsubscribe at any time. Please read our Privacy Policy and Terms of Use.

Even though most gaming investors will have their eyes firmly set on Roblox's long-awaited direct listing today, industry rival Unity Software (NYSE: U) just made a big bet away from gaming.

Ever wondered what it would be like to build a house virtually?



Unity 'builds' out its portfolio

According to a filing yesterday, Unity might be able to help construction workers actually build projects virtually via its acquisition of VisualLive for an undisclosed fee. VisualLive is an augmented reality (AR) solution for the manufacturing, building, architecture, and engineering industry, and fits right in with Unity's Reflect platform, which specializes in AR and VR innovation. 

Despite an obvious slowdown due to the pandemic, construction is still a multi-trillion-dollar industry in the U.S. alone, but it has one very costly problem: human error. It is estimated that avoidable construction mistakes cost U.S. firms over $200 billion annually, but Unity can now use its considerable resources and expertise in the space to reduce these errors by building a project virtually for inspection before physical construction begins. 

The AR market is a young industry, and thus far, it has been heavily focused on gaming. However, by becoming an early mover in the VR-for-construction space, Unity is not only spreading its risk across a whole new industry away from the competitive gaming space, but it could also create a multi-billion-dollar construction arm for its business. 

In a post-pandemic world where the construction industry has been COVID-ravaged and is in desperate need of cost-cutting, preventing the costly mistakes before they even happen could be a massive opportunity, and Unity knows it.

A MyWallSt subscription gives you access to over 100 market-beating stock picks and the research to back them up. Our analyst team post daily insights, subscriber-only podcasts and the headlines that move the market. Get your free access now!   

MyWallSt operates a full disclosure policy. MyWallSt staff currently holds long positions in companies mentioned above. Read our full disclosure policy here. 


Unlock Free Stock Insights +50% Off Discount Code!
Join thousands of savvy investors and get:
  • Weekly Stock Picks: Handpicked from 60,000 global options.
  • Ten Must-Have Stocks: Essential picks to hold until 2034.
  • Exclusive Stock Library: In-depth analysis of 60 top stocks.
  • Proven Success: 10-year track record of outperforming the market.
Sign up to our mailing list now and enjoy a 50% discount on premium services!
By submitting your email address, you consent to us keeping you informed about updates to our website and about other products and services that we think might interest you. You can unsubscribe at any time. Please read our Privacy Policy and Terms of Use.

The Home of Successful Investing.

© 2024 MyWallSt Ltd. All rights reserved.

Services

Content

Social

Company

Support

Resources

This website is operated by MyWallSt Ltd (“MyWallSt”). MyWallSt is a publisher and a technology platform, not a registered broker-dealer or registered investment adviser, and does not provide investment advice. All information provided by MyWallSt Limited is of a general nature for information and education purposes, and you should not construe any such information as investment advice. MyWallSt Limited does not take your specific needs, investment objectives or financial situation into consideration, and any investments mentioned may not be suitable for you. You should always carry out your own independent verification of facts and data before making any investment decisions, as we cannot guarantee the accuracy or completeness of any information we publish and any opinions that we publish may be wrong and may change at any time without notice. If you are unsure of any investment decision you should seek a professional financial advisor. MyWallSt Limited is not a registered investment adviser and we do not provide regulated investment advice or recommendations. MyWallSt Limited is not regulated by the Central Bank of Ireland. MyWallSt Limited may provide hyperlinks to web sites operated by third parties. Your use of third party web sites and content, including without limitation, your use of any information, data, advertising, products, or other materials on or available through such web sites, is at your own risk and is subject to the third parties' terms of use.