niantic - Tech News from Simmons Systems

Tech News from Simmons Systems

niantic

A collection of 9 posts

Uber Launches Gig Worker Division to Label AI Training Data

Uber creates a new division called Scaled Solutions that hires gig workers to label data for artificial intelligence models. The company serves both its internal units and external clients like Aurora Innovation and Niantic.

Niantic Lays Off 8% of Staff and Cancels Four AR Projects

Pokémon GO developer Niantic lays off around 90 employees and cancels four upcoming projects to brace for potential economic headwinds. The moves highlight the company's struggle to replicate the massive financial success of its flagship game.

Niantic Brings Remote Raids to Pokémon GO Amid Pandemic

Niantic introduces remote raids and other stay-at-home features to adapt Pokémon GO for players stuck indoors during the pandemic.

Niantic Partners With Qualcomm to Build 5G Augmented Reality Glasses

Pokémon GO creator Niantic teams up with Qualcomm to develop AR glasses powered by the new XR2 chipset. The collaboration aims to overcome current smartphone limitations by optimizing Niantic's Real World Platform for dedicated wearable hardware.

AR and VR Startup Valuations Hit $45 Billion Amid Market Transition

Global AR and VR startup valuations reach $45 billion, with a small group of companies holding half of that value. Core technology businesses lead the market by avoiding sector-specific risks.

Niantic Closes $245 Million Series C, Reaches Nearly $4 Billion Valuation

Pokémon GO creator Niantic officially closes a $245 million Series C funding round led by IVP. The company plans to use the capital to launch Harry Potter: Wizards Unite and expand its AR platform for third-party developers.

venture capital

Venture Capitalists Kick Off the New Year With Billions in Fresh Funds

Venture capital firms start 2019 by filing SEC paperwork for massive new funds, while major rounds flow to Niantic, Indian startups, and supersonic travel.

Niantic Secures $190 Million as It Prepares Harry Potter AR Game

Pokémon GO creator Niantic officially closes a $190 million funding round, bringing its total raised capital to over $415 million. The investment arrives as the company gears up to launch its next major augmented reality title, Harry Potter: Wizards Unite.