San Francisco – Niantic, Inc., an augmented reality game developer that was previously owned by Google, stated last month that they are in for some new developments in the gaming world, which may help them build their next chapter. The company was able to raise an initial fee of $20 million in funding for their upcoming projects such as the new AR game called Pokemon GO which will be launched next year for iOS and Android. Companies like the Pokémon Company Group, Google and Nintendo sponsored this funding and have promised another $10 million if they are able to achieve certain milestones that have not yet been defined.
During a recent press release John Hanke, Niantic’s CEO and co-creator of Google Earth, alleged, “The Pokémon Company, Google and Nintendo are incredible investors and strategic partners to help build the next chapter for Niantic. We will be using this capital to continue the development of Pokemon GO, and to build out our real-world gaming platform,” as Android Headlines reported.
One of Niantic’s most popular game for smartphones is called Ingress which involves the location of its players. One of the most popular features is that the player has to move around within their own city to complete different assigned objectives and finish the “treasure hunt.” The company’s idea is to bring this format to the upcoming Pokemon GO.
Niantic, which is based in San Francisco, started competing in the market in 2010, and have used Google’s data to create their mobile game platform. There is a lot of unknown information about Pokemon GO, but the additional funding received by the company can somewhat guarantee that they will be able to deliver a product that will satisfy the high expectations already set by gamers.
Source: Android Headlines