Niantic Labs raises $30 million in funding from The Pokemon Company, Google, and Nintendo

Published on Thursday, 15 October 2015 10:27

Written by AndrewH

Recently Google did that corporate restructuring of all their companies, creating a new top-tier company called Alphabet. When that happened, Niantic Labs actually was removed from being owned by Google, becoming their own true entity. Today the Ingress developer has announced that they have received funding to the tune of $30 million from Google, The Pokemon Company, and Nintendo. It is a pretty interesting mix.

So what is this funding for? Well the funding is split into a couple of parts. Niantic gets $20 million upfront, with another $10 million to be dished out in parts as certain milestones are reached. Part of this funding is to push further and future development of Nintendo's and The Pokemon Company's upcoming Pokemon GO mobile game, which is Niantic's current project. The funding is also for continued support of Ingress, increase Niantic's location-based platform in general, and bring new games to market as well.

Pokémon's strategic investment in Niantic paves the way for a social mobile experience the world has never seen before. The Pokémon Company is committed to partnering with companies like Niantic that share the same spirit of community and innovation. - Tsunekazu Ishihara, president and CEO of The Pokémon Company

As mentioned earlier, part of the reason for the funding happens to be for bringing new games to market. Unfortunately no other games were mentioned, which means either Nintendo, Google, or The Pokemon Company have something else up their sleeve besides Pokemon GO. It will be interesting to see exactly what that is.

Developer Website: Niantic Labs

AndrewH - Andrew is the Founder and Editor-in-Chief of DroidGamers. Having been a hardcore PC and console gamer all his life, this passion is now applied to Android gaming and writing about it. When not playing or writing about Android games, he spends his time with is wife and son.

• [UPDATE: Release Date] Appealing Puzzle Game Ghosts of Memories is Coming to Android. Get in on the Beta

  Ghosts of Memories is a new puzzle game that is coming to Android. The initial screenshots show a game rendered

• [UPDATE: Game Released] 1DER Entertainment will be releasing SirVival onto Android next month

  Currently slated for release onto iOS this week, SirVival is a new game from 1DER Entertainment that will also be

• At the moment, Android has not been impacted to...

  Violating Consumer Trust: How Apple, Electronic Arts, 2K Games and Capcom are Undermining Digital Distribution · 14 minutes ago

• 

  Yeah I'm noticing that as well. It doesn't work...

  YouTube Gaming finally gets direct mobile game streaming with the latest update · 1 hour ago

• 

  Doesn't work on every Lollipop device. Seems to...

  YouTube Gaming finally gets direct mobile game streaming with the latest update · 1 hour ago

• 

  Has anyone tried this on the Nvidia Shield...

  Want to add Android TV support to your Minecraft: Pocket Edition game? Here is how to do it. · 1 hour ago

• 

  This article is on point on every level. I've...

  Violating Consumer Trust: How Apple, Electronic Arts, 2K Games and Capcom are Undermining Digital Distribution · 1 hour ago

Celebrating Three Years Of Pirate101PLANO, Texas, 5 hours ago 4 minutes ago

a.headlinelink_prn {font-weight:normal; line-height: 15px; font-family: edmondsansmedium; cursor: pointer; color: #9BC241;} a.headlinelink_prn:hover {} container_prn {background-color: #0A0A0A; padding:5;} font.font_prn {padding-bottom: 0px; padding-top: 0px; padding-right: 0px; align: center; size: 10pt; color: #000000; font-family: edmondsansmedium;} div.title_prn {color: #FFFFFF;font-family:edmondsansbold;font-size:23.8px;line-height: 1.43em;font-weight:normal;text-transform: uppercase;padding-bottom: 15px;border-bottom: 1px; solid; #9BC241;} bottom_prn {padding-left:5; font-size: 10pt; color: #000000; font-family: edmondsansmedium;} a.bottomlinks_prn {color: #0000FF; } tr.videorow_prn td {background-color: #;} tr.articlerow0_prn td {background-color: #0A0A0A;} tr.articlerow1_prn td {background-color: #0A0A0A;} td.logocell_prn {border-bottom: 1px solid #DDDDDD; padding-bottom: 0px; padding-top: 5px; padding-right: 0px; padding-left: 0px;} td.linkcell_prn, td.linkcell_prn table {font-size: 10pt; font-family: edmondsansmedium; vertical-align:top; border-bottom: 1px solid #DDDDDD; padding-bottom: 5px; padding-top: 5px; padding-right: 5px; color: #FFFFFF;} span.font2_prn {font-size: 10pt; font-family: edmondsansmedium; width:99%;} span.datefont_prn {font-size: 10pt; font-family: edmondsansmedium; color: #FFFFFF;} img.logoimg_prn {padding:5px; width:90px;}

source: droidgamers