Ingress Maker Niantic Scores $20 Million for AR Gaming

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Niantic on Thursday announced that it was the beneficiary of a big bet pooled together by benefactors Google, Nintendo and The Pokémon Co. Niantic, which develops augmented reality games, will receive $20 million in the Series A funding round and could receive another $10 million if it realizes certain undisclosed goals. The company was founded by Google Earth cocreator John Hanke, incubated inside Google, then sheared off into the new Alphabet holding company.

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