Robbie Ferguson is a co-founder and the president of Immutable. He started a computer science and law double degree but did not finish it. His brother James Ferguson is CEO and Alex Connolly is chief technology officer.
The three founded Fuel Games in Sydney in 2018. Its first game, Etherbots, launched in February 2018. A seed round of $2.4 million led by Continue Capital and Nirvana Capital preceded the Gods Unchained pre-sale in July 2018.
The company was renamed Immutable in 2019. In 2021 it built Immutable X with StarkWare, and in February 2022 it set up a $100 million fund with GameStop.
In March 2022 a $200 million Series C from Temasek, Tencent and Animoca Brands valued it at $3.5 billion. At least 20 jobs were cut in July 2022.