The new version is even more confusingly titled Under Night In-Birth Exe:Late[st], and it’s set for a release across PlayStation 3, PlayStation 4, and PS Vita.
Under Night In-Birth Exe:Late[st] comes with various upgrades like new Tutorial and Mission modes, character balancing, and most notably a new character named Enkidu (featured above). There will be 19 playable characters in total. Only the PlayStation 3 and PlayStation 4 versions are cross-play supported.
Development on the title is roughly 80% complete, and a release date is set for July 20th in Japan.