Niantic announced that it has raised $300 million in its Series D investment round. With a new investment of 300 million dollars, the value of the company reached 9 billion dollars. With the last investment, Niantic has received a total investment of 770 million dollars.
Having achieved great success in the mobile game world with Pokémon GO, Niantic recently received an investment of 190 million dollars in 2019.
It was stated that the investment of 300 million dollars was made by Coatue. The investment in question is the company's "real-world metaverse." will be used to develop the technology.
Founded in 2010 by John Hanke and Phil Keslin in San Francisco, Niantic develops location-oriented games. Among the games developed by Niantic, there are games that have won great acclaim from gamers such as Pokémon GO, Harry Potter: Wizards Unite and Pikmin Bloom.
Niantic will now begin work on the metaverse. Thanks to the virtual world it has established in its location-oriented games, the company is not a stranger to the concept of the metaverse.
Niantic recently made the Lightship Augmented Reality Developer Kit available for free. With this kit, it is aimed that anyone who wishes to develop augmented reality game free of charge.