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 Pokemon Go  developer Niantic secures $20 million in funding

Pokemon Go developer Niantic secures $20 million in funding

October 15, 2015 | By Chris Kerr

Newsbrief: Pokémon Go developer Niantic, Inc. has secured $20 million in Series A funding, with The Pokemon Company, Google, and Nintendo all investing heavily. 

The funding will see the augmented reality studio net $20 million upfront and an extra $10 million if it manages to reach certain milestones. 

Niantic will use the cash to fund the development of Pokémon Go, support its other AR title, Ingress, and build out its real-world gaming platform. 

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