Pokemon Go creator Niantic valued at $9 billion after Coatue's funding


(Reuters) – Niantic Inc, the augmented actuality (AR) platform behind Pokemon Go, raised $300 million from hedge fund Coatue at a valuation of $9 billion, the corporate stated in a weblog submit coatue on Monday.
The corporate, spun off from Alphabet Inc’s Google in 2015 and led by former Google govt John Hanke, plans to used the funds to broaden its lately launched Lightship platform to assist builders with their AR creations and construct their visions for “the Actual-World Metaverse”.
“Niantic is constructing a platform for AR primarily based on a 3D map of the world that we imagine will play a crucial position within the subsequent transition in computing,” stated Matt Mazzeo, a common associate at Coatue.
A buzzword within the know-how and enterprise world since Fb Inc modified its identify, metaverse is a broad time period that refers to shared digital …

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