Pokemon Go developer Niantic has raised $300 million on a $9 billion valuation.
There's no mention of blockchain from Niantic yet, with the company talking about building a "real-world metaverse".
As well as its games, Niantic has launched its Lightship AR Developer Kit, which enables other developers to build location-based AR on top of the technology powering Pokemon Go.
Niantic has also been working on its own AR glasses although little is known about this hardware apart from the occasional cryptic tweet.
“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,” said Matt Mazzeo, a general partner at Coatue.
“We are excited to partner with Niantic because we see this infrastructure supporting a metaverse for the real world and helping to power the next evolution of the internet.”