Improbable Raises $111 Million at a $3.6 Billion Valuation

Improbable is a gaming technology startup that is designed to build a technology that allowed solving previously impossible problems, as well as creating new realities. It is a metaverse technology company that unlocks new generation gameplay through virtual worlds. Moreover, in other industries, Improbable helps answer critical questions by using simulations.

Among Improbable’s investors is Softbank, which led the largest ever funding round of $502 million for a British startup. After the current round is completed, the company’s valuation raises to $3.6 billion from the $2.8 billion valuation in 2018.

Improbable, London, the UK, was founded by Herman Narula, Peter Lipka, and Rob Whitehead in 2012. “We are now a financially sustainable business with a really interesting growth rate because we found product-market fit in a new sector,” Herman Narula, CEO of Improbable. In order to simulate a world that is far more complex than any single server cloud, the company designs the platform SpatialOS. This platform lets developers transcend the limits of regular computation, allowing swarms of servers running in the cloud to cooperate. Also, the company together with Animoca Brands tap into the venture with Yuga Labs to create the “Otherside” metaverse.

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