Niantic raises 300 million growth money

The mobile augmented reality games platform Niantic Labs has secured new growth capital worth $300 million.

The investor in this round is Coatue, which values ​​the company at $9 billion.

Niantics Labs became known for the mobile game Pokemon Go, which is based on the previous work on the game Ingress Prime.

Met the new money CEO John Hanke (pictured) wants to improve existing games and build new games. In addition, and that weighs more heavily with software companies, it wants to further rig its developer platform. This enables third parties to also build games with Hanke’s technology.

Games from Niantic combine the physical and digital worlds in a game environment. Gamers literally have to go out into the world to visit objects and perform game actions there, alone or with others. Every month, tens of millions of players stare at their screens seemingly aimlessly, while in-game they may be in heated battles.

Niantic was founded in 2010 at Google and spun off as an independent company in 2015. Since then it has made it 770 million dollars from investors. The company is based on the same people who founded Keyhole years ago, a project that was renamed Google Earth after the acquisition.

Photo: Techcrunch (cc)


Source: Mobile – Emerce by www.emerce.nl.

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