Trending

Stories

Pokemon GO Developer Niantic Raises $300 Mn at $9 Bn Valuation

Must Read

Pokemon GO game developer Niantic has raised $300 million from global investment manager Coatue at a valuation of $9 billion.

Niantic said it would use the funds to invest in current games and new apps, expand the Lightship developer platform, and build out its vision for the Real-World Metaverse.

Also Read

“We’re building a future where the real world is overlaid with digital creations, entertainment, and information, making it more magical, fun, and informative,” said John Hanke, Niantic’s Founder and CEO.

Earlier this month, Niantic launched the Lightship platform, enabling developers across the world to realize their visions for augmented reality and the Real-World Metaverse.

The Lightship Platform is the foundation for Niantic’s own products, built on years of experience developing and running titles such as Ingress Prime and Pokemon GO.

“Niantic is building a platform for AR based on a 3D map of the world that we believe will play a critical role in the next transition in computing,” said Matt Mazzeo, a General Partner at Coatue.

Tens of millions of people play Niantic’s games each month, including Pokemon GO and Ingress.

“Over the years, our players have walked more than 17.5 billion km (10.9 billion miles),” said the company.

Last month, Niantic and Nintendo launched Pikmin Bloom, a smartphone app designed to bring a little joy to everyday journeys on foot.

Stay updated

Subscribe to our newsletter and never miss an update on the latest tech, gaming, startup, how to guide, deals and more.

Latest

Stories

- Advertisement -
- Advertisement -

Latest

Grow Your Business

Place your brand in front of tech-savvy audience. Partner with us to build brand awareness, increase website traffic, generate qualified leads, and grow your business.

- Advertisement -

Related

- Advertisement -
- Advertisement -
Sony Unveils Project Q: A Next-Gen Handheld Game Console Snapchat Hits 200M+ Users in India, Introduces AI Chatbot Super Mario Bros. Movie: 6.4 Million Tickets Sold in Japan Samsung Galaxy A14 Launches in India with Impressive Features BGMI Returns: Battlegrounds Mobile India Now on Play Store Twitter Accuses Microsoft of Data Use Policy Violation GIFs take over Instagram comments, unleashing creative expressions! The First US State to Ban TikTok: Montana’s Bold Move Adobe Unveils New Product Line for Digital Marketing Advancements iPhone 15: Early Production and Design Changes for Improved Availability
Sony Unveils Project Q: A Next-Gen Handheld Game Console Snapchat Hits 200M+ Users in India, Introduces AI Chatbot Super Mario Bros. Movie: 6.4 Million Tickets Sold in Japan Samsung Galaxy A14 Launches in India with Impressive Features BGMI Returns: Battlegrounds Mobile India Now on Play Store Twitter Accuses Microsoft of Data Use Policy Violation GIFs take over Instagram comments, unleashing creative expressions! The First US State to Ban TikTok: Montana’s Bold Move