2K's Silicon Valley studio, which opened last year under the direction of Sledgehammer co-founder Michael Condrey, finally has a name. The new studio has already opened an office in Spain and is expanding.

What they are actually working on remains a mystery, unfortunately. Condrey says it's an "ambitious and exciting new IP," but he's not ready to divulge any details just yet. Nevertheless, his resume suggests that it will be action-packed: he was director of "Calls of Duty" several times during his time at Sledgehammer, and also directed "Dead Space" during his time at Visceral.

He is also a big fan of Silicon Valley. Not the show, but the place.

"Our name and studio represent the spirit of California in its rich diversity of thought, art, music, innovation and cultural expression that has defined the current golden age of entertainment and technology here in Silicon Valley. By revealing our new identity and announcing the expansion of our operations, we are shifting into an exciting next phase of growth as we embrace more voices and bring our vision to life around the world."

Tyler Michaud, 31st Union's Head of Strategy, believes that the studio "has a deep connection with passionate fans and that diverse perspectives and experiences are essential to creating a truly global entertainment experience," which is why the new office in Spain That's why they decided to open a new office in Spain," he adds.

Now that they have a name, hopefully we will soon know what they are building.