• Sunday, October 02, 2022

Business

British start-up Improbable attracts $500m investment from SoftBank

Top tech: Herman Narula, CEO of Improbable

By: Rithika Siddhartha

A BRITISH technology start-up set up by Cambridge graduates and which specialises in virtual simulation has raised $502 million from Japan’s SoftBank Group Corp, it said today (12). The investment gives SoftBank a non-controlling stake in Improbable, and, according to the Financial Times, values the British company at over £1 billion ($1.29 billion). 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…

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