Niantic Worth Nearly $4 Billion Thanks To IVP, Samsung, Axiomatic Gaming Funding

Recommended Videos

In a recent interview, Niantic CEO John Hanke announced that they are now nearly worth $4 billion, thanks to strategic funding from Samsung, Axiomatic Gaming, and IVP. [Thanks, Business Insider!]

 

The company is well-known for their flagship game Pokemon Go, as well as their upcoming AR title Harry Potter: Wizards Unite. In particular, Pokemon Go has brought in over $2 billion on its own, meaning that Niantic essentially didn’t need the funding. Instead, the funding will be used as an insurance policy to weather any troubles that may occur in the next few years.

 

Hanke also talked about how Niantic will be investing more into the Real World Platform, which is used to license its AR tech and more to other developers. He wants the company to expand beyond being a game developer to being a developer tools company as well, the same way Epic Games made Unreal Engine but also developed Fortnite. That said, Hanke hinted that this doesn’t mean they’ll slack on current and future games, and that more games are coming up.


Siliconera is supported by our audience. When you purchase through links on our site, we may earn a small affiliate commission. Learn more
related content
Read Article Rent-a-Girlfriend Artist Shares AI Art, Sparks Debate
rent-a-girlfriend ai art
Read Article Touhou Project Tracks Will Appear in Hatsune Miku: Colorful Stage
touhou project colorful stage
Read Article Eve’s Long Hair Extended Stellar Blade Development Time
Eve’s Long Hair Extended Stellar Blade Development Time
Read Article Blue Protocol Gets Sudden Death Battle Mode, Easter Gacha
Blue Protocol Gets Sudden Death Battle Mode, Easter Gacha
Read Article Honkai: Star Rail Twitch Stream Incentive Program Starts
Honkai Twitch Stream Program
Related Content
Read Article Rent-a-Girlfriend Artist Shares AI Art, Sparks Debate
rent-a-girlfriend ai art
Read Article Touhou Project Tracks Will Appear in Hatsune Miku: Colorful Stage
touhou project colorful stage
Read Article Eve’s Long Hair Extended Stellar Blade Development Time
Eve’s Long Hair Extended Stellar Blade Development Time
Read Article Blue Protocol Gets Sudden Death Battle Mode, Easter Gacha
Blue Protocol Gets Sudden Death Battle Mode, Easter Gacha
Read Article Honkai: Star Rail Twitch Stream Incentive Program Starts
Honkai Twitch Stream Program
Author
Alistair Wong
Very avid gamer with writing tendencies. Fan of Rockman and Pokémon and lots more!