Valve

Maker of Steam, the dominant PC game distribution platform, plus game studios and Steam Deck.

Gaming 📍 Bellevue, USA Founded 1996

Current Valuation

Private

PRIVATE

IPO Outlookprivate

Is Valve going public?

No. Valve is private and has not filed to go public. There is no S-1 on file.

What is Valve's valuation in 2026?

No confirmed valuation is on record for Valve. The roster shows funding and investors where they are public; it does not estimate a mark.

Has Valve filed an S-1?

No public S-1 is on file for Valve.

Who are Valve's investors?

Valve's investors include Gabe Newell (majority owner).

Answers are derived from the roster record shown on this page — filing status, last round and confirmed marks. Where the record is silent, the answer says so rather than guessing.

Valve is a privately held game developer and digital-distribution company best known for Steam, which controls the vast majority of PC game sales. The company has never raised outside capital and has never publicly disclosed a valuation; Alinea Analytics estimated 2025 revenue at $16.2B, an industry-leading ~$50M per employee.

Company Profile

CEO

Gabe Newell

Founded

1996

Bellevue, USA

Employees

~350

Est. Revenue

$16B (2025-Q4)

IPO Status

private

Fundraising Status

Private (bootstrapped) · 30y 7mo ago

private

Latest Funding Round

Round	Amount	Date	Lead Investor	Post-Money
Private (bootstrapped)	—	Jan 1996	Founders	—

Talent Signal

Hiring trend

● First snapshot

trend accrues with monthly sweeps

Open roles

via careers page

Product-build share

70%

engineering, research, product, design

Trajectory

steady

heavy product build — 70% of open roles are product-building functions (engineering/research/product) — 10 of 30 open roles are engineering.

Actively hiring with no tracked executive churn.

Open roles by month

Open roles by function

■ product-building ■ go-to-market / G&A

Sound DesignerAudio Software EngineerGame DesignLevel DesignerGame Development Software EngineerElectrical Engineer

Counted from Valve's live job board as of 2026-08-17; role functions classified from posting titles. Open-role counts are an activity signal, not headcount. Refreshed monthly.

Founders & Key People

Gabe NewellMike Harrington

Investors

Gabe Newell (majority owner)

Products

Steam
Steam Deck
Half-Life series
Portal
Counter-Strike 2
Dota 2
SteamOS

Competitors

Epic Games · GOG · Microsoft (Xbox / Game Pass) · Sony PlayStation · Nintendo

gamingsteampc-gamingdigital-distributionhardware

Private-company numbers are not real-time. Reflects publicly disclosed valuations from press releases, news reports, and tender offers as of recent date. Refreshed quarterly.