Diligence memo · auto-generated · as of July 2, 2026
Niantic, Inc.
Niantic, Inc. looks over-valued against its niche peers and is dormant on financing cadence.
Businessfiled
Niantic, Inc. operates in Other Technology, based in SAN FRANCISCO. We build real world, AR games and apps that encourage people to explore the world, including top hits like Pokémon GO. Discover Niantic today!
Capital & rounds (filed)filed
Niantic, Inc. has raised $766M in disclosed capital across 5 recorded rounds, aggregated from public filings. Its latest round is modeled as Series D+ (a $100M–$400M round).
Largest single filing: $300M on 2021-11-22.
Most recent recorded round closed around 2021-11-22.
Valuation (modeled)modeled
Provath models Niantic, Inc. at approximately $6.7B (range $1.7B–$12.5B). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Over-valued. Modeled value is 1.78× the median modeled value of Series D+ Other Technology companies in 2019–2021 (105 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Historic cadence: a new round about every 15 months.
Last raise 4.6 yr ago; this sector typically re-raises about every 13 months.
Silent for over 3× the sector's normal cadence.
The last round stepped up 1.6× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 100% of Other Technology peers (21302 compared).
Modeled value ranks above 100% of those peers.
Closest niche peers: Dataminr, Inc., 2U, Inc., KnowBe4, Inc., Automation Anywhere, Inc., Courier Plus, Inc..
Peoplefiled
5 named people on file across officers, directors and signatories.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
Modeled above niche peers — valuation risk on entry.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.