ModRetro, the classic gaming startup by Palmer Luckey, is in talks to increase funding at a $1 billion valuation, according to the Financial Times.
The corporate launched its first product, a Game Boy-style handheld device called the Chromatic, in 2024. The Verge’s Sean Hollister said it “may be the greatest model of the Recreation 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 Recreation Boy, would you purchase one?” Hollister requested.
Luckey said last year that he’d been making an attempt to construct a Recreation Boy-inspired gadget “off and on as a passion for nearly seventeen years now” and described the Chromatic as the results of “a whole bunch of irrational choices” that made it “an uncompromisingly genuine celebration of all the things that made the console particular.”
The FT experiences that ModRetro is working on different units, together with one designed to replicate the Nintendo 64.
In the meantime, the Trump administration seems to have embraced Luckey’s vision for autonomous weapons, with Anduril reportedly in talks to increase a brand new funding spherical at a $60 billion valuation.
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