Pokémon Go Maker Niantic Reaches $9 Billion Valuation

For more crisp and insightful business and economic news, subscribe to The Daily Upside newsletter. It's completely free and we guarantee you'll learn something new every day.

The metaverse is the talk of Silicon Valley and beyond thanks in part to the company formerly known as Facebook's rebranding. Now, the dollars are starting to follow the buzz.

Niantic, a San Francisco-based purveyor of augmented reality games like Pokémon Go, just raised $300 million at a $9-billion valuation, accelerating plans to put its own stamp on the metaverse.

Continue reading

Source Fool.com