Improbable sums? Cambridge graduates' tech firm raises $500m
A five-year old British virtual reality startup, co-founded by Cambridge computer science graduates, has been valued at more than $1bn after raising $502m (£390m) from Japan’s SoftBank.
The investment in the London-based firm Improbable is thought to be the largest made in a fledgling European tech firm.
Improbable uses cloud-based software to create virtual worlds for use in games as well as large-scale simulations of the real world. The capabilities of the company’s technology have been likened to The Matrix, in which humans plug into a simulated world powered by computers.