Pokemon Go creator Niantic valued at US$9 billion after Coatue's investment

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Niantic Inc, the augmented reality (AR) 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. The company, spun off from Alphabet Inc's Google in 2015 and led by former Google executive John Hanke, plans t

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.

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