During the spinout, Niantic announced that Google, Nintendo, and The Pokémon Company would invest up to $30 million in Series-A funding, $20 million upfront and the remaining $10 million in financing conditioned upon the company achieving certain milestones, to support the growth of the company and its products. The company spun out of Google in October 2015 soon after Google's announcement of its restructuring as Alphabet Inc. At the time Ingress was launched, Niantic had 35 employees. The company took its name from the whaling vessel Niantic, which came to San Francisco during the California Gold Rush in the 1800s. The company was formed in 2010 by John Hanke as Niantic Labs, an internal startup within Google. History Founding John Hanke, founder and CEO of Niantic Niantic has additional offices in Bellevue and Los Angeles.
The company became an independent entity in October 2015 when Google restructured under Alphabet Inc.
The company was formed as Niantic Labs in 2010 as an internal startup within Google. Niantic is best known for developing the augmented reality mobile games Ingress and Pokémon Go. ( / n aɪ ˈ æ n t ɪ k/ ny- AN-tik) is an American software development company based in San Francisco.
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