ModRetro, the classic gaming startup by Palmer Luckey, is in talks to lift 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 “could be the most effective model of the Sport Boy ever made,” however discovered it arduous to separate from Luckey’s popularity as founding father of protection tech startup Anduril Industries.
“If Lockheed Martin made a Sport Boy, would you purchase one?” Hollister requested.
Luckey said last year that he’d been making an attempt to construct a Sport Boy-inspired system “on and off as a passion for nearly seventeen years now” and described the Chromatic as the results of “tons of of irrational choices” that made it “an uncompromisingly genuine celebration of all the pieces that made the console particular.”
The FT experiences that ModRetro is engaged on different units, together with one designed to copy 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 lift a brand new funding spherical at a $60 billion valuation.
