SoftBank Group Corp. has done series B funding of $502 million investment in Improbable Worlds Ltd. This is UK’s largest venture capital deal. This investment from Japanese bank has raised the value of the London-based startup.
This startup uses improbable use cloud based technology to create virtual worlds for use in games. The technology is similar to the movie Matrix, in which humans find themselves in virtual world through computers. The Startup was co-founded in 2012 by two classmates studying in Cambridge University, Herman Narula, 29, and Rob Whitehead, 26, along with a third partner Peter Lipka, 28, who is an Imperial College graduate with experience at Goldman Sachs. Peter played a major role in designing and deployment of SpatialOS technology.
SpatialOS is a distributed operating system that integrates gaming engines and massive-scale simulations of the real world. For the last five years, Lipka made Improbable from a four-workers business to a nearly 200 employee organization.
While joining the board of Improbable Managing Director of SoftBank Deep Nishar said, “Improbable is building breakthrough technologies that are becoming vital and valuable platforms for the global gaming industry.” Beyond gaming, Nishar said, SoftBank believed Improbable’s simulation technology could be used to help explore disease, improve cities, understand economies and solve other complex problems.