(Reuters) - Niantic Inc, the augmented reality (AR) platform behind Pokemon Go, raised $300 million from hedge fund Coatue at a valuation of $9 billion, the company said in a blog post coatue on Monday.
The company, spun off from Alphabet Inc's Google in 2015 and led by former Google executive John Hanke, plans to used the funds to expand its recently launched Lightship platform to help developers with their AR creations and build their visions for "the Real-World Metaverse".
Already a subscriber? Log in.
Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!