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Niantic Brings In $200 Million

Niantic Brings In $200 Million
Credit: nianticlabs.com

Gaming and VR technology company Niantic announced it secured $200 million in Series B financing, led by Spark Capital, with participation from Founders Fund, Meritech Capital Partners, Javelin Venture Partners, WSJ Joshua Fund, and NetEase.

According to the company, Niantic is building an augmented reality platform for current and future generations of AR hardware. Originally formed at Google in 2010, Niantic is now an independent company focused on creating games that “enable players to have fun while visiting new places, learning about the world around them, and meeting new friends.” The company created Pokémon GO, which was downloaded more than 750 million times in its first year.