8 years ago

Improbable Raises $502 Million for Virtual World Platform

  • Improbable, a London-based startup that builds a platform for third parties to build vast virtual and simulated worlds, has raised $502 million in funding led by SoftBank

  • The company is not disclosing its valuation but its CEO says it's a minority stake and places the valuation at around or over $1 billion

  • Improbable's platform SpatialOS is a distributed cloud computing infrastructure that incorporates machine learning technology and other advances

  • It lets developers design and build massively detailed environments

  • The SoftBank investment is not coming from the new Vision fund and could "move into that" in the future

  • SoftBank managing director Deep Nishar is taking a seat on Improbable's board.

      • ProblemTechnology

      "Building vast virtual and simulated worlds is difficult and requires a lot of computing power, making it inaccessible to many developers."

      Solution

      "SpatialOS is a platform that allows developers to build massively detailed virtual environments by using distributed cloud computing infrastructure, incorporating machine learning technology and other advances. This makes it easier and more affordable for developers to create immersive experiences."

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