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Scoperlys parent company is owned by SaudiArabias Public Investment Fund, meaning that Pokemon Go now belongs to the king of SaudiArabia. This is something absolutely impossible to have with Unity or Unreal. For this purpose, it created a spin-off called Niantic Spatial which starts with $250M in funds.
The company’s penultimate investment round netted the AR startup $461 million in March 2018, led by SaudiArabia’s sovereign investment arm. SEE ALSO Magic Leap is Giving Away 500 AR Headsets as Part of Epic's $100M Unreal MegaGrants. billion, according to Crunchbase.
According to AlMuawad, Midwam’s solutions were key to developing SaudiArabia as a strategic tech and metaverse incubator. Users could also choose where their avatars would interact with digital assets in different environments.
Top news of the week (Image by Niantic) Niantic is evaluating selling its gaming division According to a report from Bloomberg, Niantic is in talks with SaudiArabia-owned Scopely to sell its gaming division for $3.5 A new week, a new selection of XR news to read!
The enterprise also struck a huge strategic partnership with SaudiArabia’s Advanced Electronics in early May to train Saudi military personnel to pilot BAE Hawk Mk 165 fighter jets.
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