Niantic has just received a new funding round from investors, this time increasing the value of the company close to USD 4 billion. After raising $ 200 million USD last year (putting the software development company at $ 2.7 billion USD), investors continue to have an optimistic attitude to the Pokémon Go maker's future.
Despite the recent decline in new Pokémon Go users, Niantic continues to produce hundreds of millions of revenue each year. In addition to developing Pokémon Go Niantic also develops new magnified reality games to other franchises.
The software company still has room to grow, compared to other companies in its industry, a $ 4 billion USD market value is still quite far away from Electronic Arts $ 24.2 billion, or Activision Blizzard's market capitalization of USD 36.4 billion.
In other game news, PlayerUnknown's Battlegrounds and Resident Evil 2 collaborate for a future mobile event.