Home Business NewsBusiness Improbable raises $502m series B funding round led by SoftBank

Improbable raises $502m series B funding round led by SoftBank

12th May 17 8:20 am

Big boost for top tech firm

Improbable, a British technology company, today announced that it has raised $502m in a round of Series B funding led by SoftBank.

All the funds from the investment will be invested in developing Improbable’s technology, including its SpatialOS distributed operating system. Improbable’s plans include accelerated recruitment in its London and San Francisco offices, and investments to develop a vibrant ecosystem of developers and customers.

Improbable uses cloud-based distributed computing to enable the creation of virtual worlds for use in games and massive-scale simulations of the real world.

“We believe that the next major phase in computing will be the emergence of large-scale virtual worlds which enrich human experience and change how we understand the real world. At Improbable we have spent the last few years building the foundational infrastructure for this vision,” said Herman Narula, CEO of Improbable.

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