Niantic, a startup which makes mobile augmented reality (AR) games, has secured $190 million in a new Series C funding round, as revealed by the documents filed with the SEC.
Last month, the company was reported to be in talks for raising a $200 million funding round from IVP, aXiomatic Gaming, and Samsung at a valuation of around $3.9 billion.
In the latest funding round, 26 investors participated but the names of the investors
The new capital infusion for Niantic comes at a time when the company is gearing towards launching its next AR-based game titled ‘Harry Potter: Wizards Unite’. While the game’s launch date is not yet known, it is expected to launch later this year.
The upcoming game is based on the company’s Real World Platform, which offers a set of tools created for third-party developers
He has been a technology writer since more than five years. At The Tech Portal, he covers gadgets, startups and the good and bad of tech.