'Pokemon Go' Creator Niantic Scores $4B Valuation On $245M [Forbes]
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Source: Forbes
'Pokemon Go' Creator Niantic Scores $4B Valuation On $245M 'Pokemon Go' players in Germany last summer Photo: Marcel Kusch/dpa (Photo by Marcel Kusch/picture alliance via Getty Images) Niantic Labs, the augmented-reality game company that made Pokemon Go really go and soon will work its magic on Harry Potter, scored $245 million in a Series C fundraising round, giving the Google spinoff a valuation of "nearly" $4 billion. The round was led by IVP, with other funding participants including Samsung Ventures, CRV, Causeway Partners, aXiomatic Gaming, and Battery Ventures, Niantic said in a release. At the start of the month, Niantic also sold an undisclosed amount of equity for $190 million Niantic's origins date to 2001 as Keyhole, which Google acquired in 2004 and renamed its mapping technology as Google Earth. In 2010, Niantic Labs was created as a startup within Google, focused on mobile devices and mapping for gaming. The company's first game was Field Trip, Ingress In 2015, Nianti
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