Niantic raises $300m at a $9bn valuation for “real-world metaverse”

Originally published on by Marie Dealessandri

Pokémon Go developer aims at creating “ever-evolving AR map of the world”

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Niantic has raised $300 million to build the “real-world metaverse.”

Techcrunch reported that the investment came from Coatue, bringing Niantic’s valuation to $9 billion.

The Pokémon Go developer’s vision for the metaverse is quite different from the one Facebook/Meta is promoting, which aims at connecting users in VR. Niantic’s founder and CEO John Hanke actually published a blog post earlier this year saying this approach relying on virtual reality, popularised by Ready Player One, is a “dystopian nightmare.”

Niantic’s vision involves creating an “ever-evolving AR map

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