Niantic raises USD 300 mln from Coatue to grow AR gaming

News Wireless Global 23 NOV 2021
Niantic raises USD 300 mln from Coatue to grow AR gaming

AR games developer Niantic announced that tech investor Coatue has made a USD 300 million investment in the company, valuing Niantic at USD 9 billion in total. Niantic will use the funds to invest in current games and new apps, expand its Lightship developer platform, and "build out its vision for the Real-World Metaverse".

Niantic launched the Lightship platform earlier this month to open up its augmented reality platform tools to other developers. The Lightship Platform is the foundation for Niantic’s own products, such as Ingress Prime and Pokemon Go. Niantic also announced Niantic Ventures, a USD 20 million fund to help identify and fund promising AR companies. 

Categories:

Mobile

Companies:

Niantic

Regions:

Global

Tags:

Games, Finance

Related Articles

MALAYSIA 30 AUG 2022

Digi brings Pokemon Go experience to 237 stores across Malaysia

Malaysian operator Digi Telecommunications has launched a campaign with Niantic, to transform 237 Digi Stores across Malaysia into Pokemon Gyms for the Pokemon Go AR mobile game. Between 3 September and 15 October, Pokémon Go players can visit any of the 237 Digi Stores to try and defeat Deoxys in all four of its forms or battle to take over the Gym.

BELARUS 15 MAR 2022

Niantic stops services in Russia, Belarus

Niantic's games are no longer available for download in Russia and Belarus, and gameplay will also be suspended there shortly, according to a company statement on Twitter. Niantic says downloads of Pokemon Go have already been disabled in those regions.

GLOBAL 16 FEB 2022

Sony partners Niantic to add AR features to headphones

Sony entered an agreement with AR mobile games creator Niantic for joint collaboration in the area of auditory AR for headphones. Through this contract, Sony will combine the technologies of the two companies and aim to implement a gaming experience through headphones that features auditory AR, rather than just visual. Sony and Niantic plan to collaborate together on the development for application software for auditory AR, as well as for promotion activity in the auditory AR field.

GLOBAL 18 JAN 2022

Microsoft expands in gaming with Activision Blizzard takeover for USD 69 billion

Microsoft has announced a major expansion in the games market with an agreed takeover of Activision Blizzard for USD 68.7 billion cash. The deal will make Microsoft the world's third-largest games publisher by revenue, after Tencent and Sony.

UNITED STATES 16 DEC 2021

AT&T launches new AR effect 'Warp Speed Worm' with Meta

AT&T released a new augmented reality (AR) Group Effect on the Messenger and Instagram apps called Warp Speed Worm. Warp Speed Worm is a fast-action, interactive video calling game designed to highlight the high bandwidth and low latency of the AT&T 5G network. 

GLOBAL 8 DEC 2021

Sivers Semiconductors to create 5G module for metaverse with Kreemo

Sivers Semiconductors has signed a deal to create a 5G module for the metaverse, by partnering its recently acquired MixComm operations with South Korean venture company Kreemo.

GLOBAL 3 DEC 2021

Niantic acquires Lowkey social gaming platform

'Pokemon Go' creator Niantic said it acquired Lowkey, a social gaming platform that offers gamers a way to capture and share their favorite gameplay moments. The company said the platform's experience in the AR gaming space will accelerate the social experiences it's building in Niantic products. The company also mentioned its long-term vision is to create even deeper connections than in-game chat, gift-exchanges and postcard sharing across Niantic games and continue bringing people together in the physical

GLOBAL 9 NOV 2021

Niantic releases Lightship SDK for making AR apps

Niantic is announcing the general availability of the first set of AR tools from the Niantic Lightship platform, enabling developers across the world to realise their visions for augmented reality using the gaming company's tools. 

BRAZIL 1 SEP 2021

Claro Brasil, Ericsson, Niantic conduct AR gaming trials on 5G standalone

Claro Brasil, in partnership with Ericsson and Niantic, conducted the first application of 5G Standalone (5GSA) in a real gaming experience, using Augmented Reality (AR) in Brazil, reports Telesintese.

GLOBAL 7 JAN 2021

Niantic acquires Mayhem

AR gaming company Niantic said it acquired Mayhem, the creator of a platform allowing gamers to self-organise custom game formats for their communities. The Mayhem CEO Ivan Zhou said in a blog post that his team will join Niantic to continue building new social experiences that will amplify and connect the global community of Niantic players. As part of the acquisition, Zhou said it will sunset Mayhem as a standalone product in February so it can focus on a shared vision at Niantic and drive new innovations

GLOBAL 4 JAN 2019

Pokemon Go creator Niantic raises USD 190 mln in new funding

Pokemon Go creator Niantic has closed a USD 190 million round of funding, according to filings with the US Securities and Exchange Commission. A total of 26 investors participated in the round.

Just In

19 DEC 16:42

SLT-Mobitel launches 5G network in Sri Lanka

19 DEC 16:19

Dialog Axiata launches 5G network, connects 1.5 million subscribers

19 DEC 15:56

UK govt to ban AI-enabled nudification apps to protect women, girls

19 DEC 15:42

3 UK launches last-minute Christmas sale

Commentary

13:56

Video market set for slower growth ahead

11:38

Netflix buys Warner Bros to deepen content catalogue

11:11

KPN's mixed performance in Q3 raises questions for strategy day

15:26

Stock markets breaking records but what happened to Odido's IPO plans?

Background

01:04

The week in telecom: Wi-Fi bolt-ons take off to boost broadband growth, video market works on consolidation

01:39

The week in telecom: Netflix wins bidding for Warner Bros, Apple poaches new execs, Samsung debuts trifold

13:51

Proximus vs. Telenet: Proximus performs better in Q3 while Telenet uses up cash

14:16

Proximus Domestic still struggling with low margins

Complete profile

Before downloading the whitepaper, we would like to ask you to complete your profile with company and position. After confirming you will receive the white paper.