Niantic was founded in 2010 by John Hanke as a spin-off from Google. The company has not officially endorsed a plan to participate in an IPO.
Niantic operates a mobile gaming platform that combines augmented reality (AR), the physical world, and well-known character brands. The company has raised $480 million in Venture Capital funding from investors including Battery Ventures, Bonfire Ventures, IVP, Dolby Family Ventures, Javelin Ventures, Spark Capital, Breyer Capital, and Frontier Venture Capital. Per company press releases, Niantic last raised $245 million in January 2019 at a post-money valuation of nearly $4 billion.