The Niantic company has raised $300 million in funding

Follow us on telegram

The funds will be used to create and develop the metaverse

The Niantic company has raised $300 million in funding

24.11.2021 - 07:55

571

1 min

0

What’s new? The Niantic Labs startup, the developer of the popular Pokemon Go game, has announced the successful completion of a funding round. A total of $300 million was raised from Coatue Management. The company's valuation currently stands at $9 billion.

News source on the Niantic Labs website

What will the funds be used for? The representatives of the startup reported that they are currently working on technologies that will be used in a “real world metaverse.” Some of the funds will go to the development of current gaming projects, including the expansion of a developer platform called Lightship.

“Niantic is building an augmented reality platform based on a 3D map of the world that we believe will play a critical role in the next transition in computing,” said Matt Mazzeo, a General Partner at Coatue Management.

Author:

Editorial GetBlock Magazine

Useful material?

Telegram Newsletter Twitter

#Investments

Incidents

Hackers exploit Taiko, steal $1.7M and force network shutdown

Developers warned of potential risks to bridges across the ecosystem and asked exchanges for assistance.

Jun 22, 2026

Incidents

Washington man sentenced to 5 years for laundering $97 million through cryptocurrency

The defendant helped move funds stolen through investment scams and earned at least $4 million for his role in the operation.

Jun 10, 2026

Incidents

Hacker drains $660,000 from Polymarket's internal wallet

The company is linking the incident to a compromised private key on a service wallet, rather than a smart contract exploit

May 22, 2026

Incidents

THORChain loses $10.8M in hacker attack

Following the incident, the project temporarily halted trading operations and node activity.

May 15, 2026

Incidents

Claude helps recover access to 5 BTC after more than 10 years

The user spent weeks unsuccessfully trying to guess the password until Claude helped find an old wallet backup file

May 14, 2026

Crypto regulations

South Korea tightens control over outbound crypto transfers

Authorities are introducing mandatory registration for companies handling cross-border crypto transactions

May 8, 2026