Niantic is now more valuable than three big gaming company
The developer of Pokemon GO, Niantic, has reached 3.9 billion $ value and surpassed current capitalization of three big gaming companies.
Niantic is worth more than Square Enix, Capcom and Sega
Niantic was founded in 2010 as an internal startup in Google. The company has released their first game, Ingress for mobile devices in 2012. Ingress was using augmented reality elements, players have to go real places around the cities. After that the company developed Pokemon GO with same elements and this game became so popular around the world. And it seems Pokemon GO was a great success for the company too, because Niantic is now worth more than three big gaming companies; Square Enix, Capcom and Sega.
Pokemon Go company Niantic is said to be raising $200 million on a $3.9 billion valuation now.
That’s more than the current market capitalization of Square Enix, Capcom or Sega Sammy. https://t.co/x6UNbgm6ur
— Dr. Serkan Toto (Kantan Games Inc.) (@serkantoto) 14 Aralık 2018
According to The Wall Street Journal, Niantic has reached 3.9 billion $ valuation. Kantan Games CEO and analyst Dr. Serkan Toto stated ‘Niantic‘s valuation is more than the current market capitalization of Square Enix, Capcom and Sega.’
It seems Niantic will grow more in next years. What do you think about Niantic? Do you love their games?
