The AR company after Pokémon, Niantic, received $ 300 million from Coatue.

2021-11-23 09:44
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In the Nov. 23 news, Niantic, the AR company behind Pokémon, announced on Monday that it had raised $ 300 million of $ 9 billion in funding from the Coatue hedge fund. The company was run by parent company Google in 2015 and is run by former Google CEO John Hanke. The new funds will be used to expand the Lightship platform that had just started, allowing developers to create augmented reality and create global meta-universes. Niantic finalized a Series C financing of US $ 245 million in early 2019, valued at nearly US $ 4 billion. (Reuters)

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