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 Recreation Boy-style handheld system referred to as the Chromatic, in 2024. The Verge’s Sean Hollister said it “is perhaps the perfect model of the Recreation Boy ever made,” however discovered it laborious to separate from Luckey’s status 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 attempting to construct a Recreation Boy-inspired system “on and off as a interest for nearly seventeen years now” and described the Chromatic as the results of “a whole lot of irrational selections” that made it “an uncompromisingly genuine celebration of every part that made the console particular.”
The FT studies 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.
