Niantic has shared that the company received a $ 300 million investment from Coatue, a global investment manager focused on the technology, media and telecommunications industries.

This investment brings Niantic’s total valuation to a whopping $ 9 billion. There are many Pokéballs.

Niantic will use the funds to invest in current games and new applications, expand the Lightship development platform, and develop its vision for the real-world Metaverse. You can learn more about Niantic’s Lightship platform in the video below:

Niantic and Coatue’s words

Here’s what the bigwigs had to say about this investment:

John Hanke, Founder and CEO of Niantic

“We are building a future where the real world overlaps with digital creations, entertainment and information, making it more magical, fun and informative.” said John Hanke, Founder and CEO of Niantic. “This will require a significant investment of talent, technology and imagination, and we are delighted that Coatue is on this journey with us.”

Matt Mazzeo, General Partner at Coatue

“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 to computing.” said Matt Mazzeo, General Partner at Coatue. “We are excited to partner with Niantic because we see that this infrastructure supports a metaverse for the real world and helps drive the next evolution of the Internet.”

Niantic also shared an interesting promo video titled “See You There”.

Publication Niantic Inc Secures $ 300 Million Investment to Build Real World Metaverse Appeared First on Pokémon GO Hub.