Niantic is emerging as a key player in building the metaverse and investors are keen to get in on the action.

Tech-focused investment firm Coatue has invested $300 million in Niantic, bringing the company’s valuation to $9 billion.

Matt Mazzeo, a General Partner at Coatue, said:

“Niantic is building a platform for AR based on a 3D map of the world that we believe will play a critical role in the next transition in computing.

We are excited to partner...