ModRetro, the classic gaming startup by Palmer Luckey, is in talks to lift funding at a $1 billion valuation, in accordance with the Monetary Instances.
The corporate launched its first product, a Sport Boy-style handheld gadget referred to as the Chromatic, in 2024. The Verge’s Sean Hollister mentioned it “is likely to be the perfect model of the Sport Boy ever made,” however discovered it exhausting 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 mentioned final 12 months that he’d been attempting to construct a Sport Boy-inspired gadget “on and off as a interest 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 reviews that ModRetro is engaged on different gadgets, together with one designed to duplicate 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 lift a brand new funding spherical at a $60 billion valuation.
