Google, Nintendo, and Pokemon Co. invest in Ingress maker Niantic
In its Series A round of funding, Niantic will be getting a total of $30 million total from Google, Nintendo, and the Pokémon Company Group. Niantic will get $20 million up front and then another $10 million based on hitting certain goals. John Hanke, CEO of Niantic, said in a statment on the funding:
Pokémon GO is being developed by Niantic in collaboration with the Pokémon Co. and Nintendo. As we've heard before, it will be an augmented reality game that allows players to find, catch, and battle Pokémon in the real world. The game is expected to be released on iOS and Android in 2016, and based on the trailer we saw last month, it looks pretty cool.