ModRetro, the classic gaming startup by Palmer Luckey, is in talks to boost funding at a $1 billion valuation, in keeping with the Monetary Occasions.
The corporate launched its first product, a Sport Boy-style handheld gadget known as the Chromatic, in 2024. The Verge’s Sean Hollister stated it “could be one of the best model of the Sport Boy ever made,” however discovered it laborious to separate from Luckey’s repute as founding father of protection tech startup Anduril Industries.
“If Lockheed Martin made a Sport Boy, would you purchase one?” Hollister requested.
Luckey stated final 12 months that he’d been attempting to construct a Sport Boy-inspired gadget “on and off as a passion for nearly seventeen years now” and described the Chromatic as the results of “tons of of irrational selections” that made it “an uncompromisingly genuine celebration of every part that made the console particular.”
The FT reviews that ModRetro is engaged on different gadgets, together with one designed to copy the Nintendo 64.
In the meantime, the Trump administration seems to have embraced Luckey’s imaginative and prescient for autonomous weapons, with Anduril reportedly in talks to boost a brand new funding spherical at a $60 billion valuation.
