UK startup Improbable raises $502 million to build huge virtual simulations
Improbable, a UK startup dedicated to building vast virtual worlds, has been valued at more than $1 billion after raising $502 million in a funding round led by Japan’s SoftBank. The investment is the largest ever round of venture financing for a private British company, reports The Financial Times, and catapults Improbable into an elite tier of tech companies valued at more than $1 billion.
The startup was founded in 2012 by Herman Narula and Rob Whitehead, a pair of computer science graduates from Cambridge University. The company’s aim is to provide software to run hugely complex and interactive virtual worlds. This digital infrastructure will be used to power vast video games and virtual worlds, sasy Improbable, but also the sort of…