Niantic Inc, the augmented reality platform behind Pokemon Go, raised US$300 million from hedge fund Coatue at a valuation of US$9 billion, the company said in a blog post coatue on Monday.
"Niantic is building a platform for AR 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.