ModRetro, the classic gaming startup by Palmer Luckey, is in talks to boost funding at a $1 billion valuation, according to the Financial Times.
The corporate launched its first product, a Sport Boy-style handheld machine known as the Chromatic, in 2024. The Verge’s Sean Hollister said it “is likely to be the perfect model of the Sport Boy ever made,” however discovered it laborious 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 machine “on and off as a passion for nearly seventeen years now” and described the Chromatic as the results of “lots of of irrational selections” that made it “an uncompromisingly genuine celebration of the whole lot 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 vision for autonomous weapons, with Anduril reportedly in talks to boost a brand new funding spherical at a $60 billion valuation.
