3 years ago

Improbable Secures $100 Million Investment from Elrond, Valued at $3 Billion

  • Improbable, a UK-based metaverse technology company, is set to raise $100 million in a new funding round from blockchain technology company Elrond, at a valuation of $3 billion

  • The company, which posted a loss of £152 million in 2021, is expecting to be profitable this year and achieve operating profitability in 2023.

      • ProblemTechnology

      "Building vast virtual worlds with realistic interactions that can handle tens of thousands of players at the same time has been a significant challenge for video game developers."

      Solution

      "Improbable's technology enables massive, complex virtual worlds that can support large numbers of players in dense environments. This is achieved through its large-scale simulation platform that processes hundreds of millions of communication operations per second. "

      Covered on