Pokemon Go creator Niantic stated on Wednesday it had raised $245 million (roughly Rs. 1,700 crores) in a brand new spherical of financing bringing its valuation to almost $four billion (roughly Rs. 28,000 crores).

The Sequence C financing spherical was led by IVP with further strategic investments from aXiomatic Gaming, Battery Ventures, Causeway Media Companions, CRV, and Samsung Ventures, the corporate stated.

Niantic and Warner Bros Interactive Leisure stated in November they might launch a brand new “Harry Potter” augmented actuality cellular recreation.

The sport would use real-life areas just like Niantic and Nintendo Co’s Pokemon Go, which turned the primary mass-market adoption of augmented actuality in July 2016 and allowed gamers to “catch” animated characters that appeared of their environment.

“It is a uncommon alternative to accomplice up with an organization that’s already extremely worthwhile at this stage, which is another excuse we’re so bullish on Niantic,” IVP’s Sandy Miller stated.

Niantic was spun off from Google in 2015 and is headed by longtime Google govt John Hanke.

© Thomson Reuters 2019

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