Improbable has successfully raised $520 million over two funding rounds, achieving a valuation of over $1 billion. The company is known for its platform, SpatialOS, which enables the creation of large-scale, persistent virtual worlds for gaming and entertainment.
Keep reading to explore the intricacies of Improbable's fundraising journey and the investors backing this innovative platform.
What Is Improbable?
Improbable, founded by Herman Narula in London, is a pioneering company in the realm of multiplayer experiences and complex simulations. Established to build the future of virtual worlds, Improbable leverages its flagship product, SpatialOS, to create persistent and engaging environments for gaming and entertainment.
With a workforce of 501-1000 employees, the company is at the forefront of metaverse infrastructure and distributed systems. Their technology also extends to solving real-world problems through simulation insights, making them a versatile player in both entertainment and enterprise applications.
Improbable's mission is to enable the creation of large-scale, immersive virtual worlds that mirror the complexity of the real world. Their innovative approach has attracted top investors and led to a valuation exceeding $1 billion.
How Much Funding Has Improbable Raised?
- Series A Round
- Amount Raised: $20,000,000
- Date: March 2015
- Lead Investors: Andreessen Horowitz
- Motivation Behind the Round: To support the development of Improbable's platform for creating large-scale simulated worlds.
- Series B Round
- Amount Raised: $502,000,000
- Date: May 2017
- Lead Investors: SoftBank
- Valuation at Round: $1B (~estimated)
- Motivation Behind the Round: To enhance the product and expand the ecosystem of developers, aiming to build a massive scale infrastructure.
Total Amount Raised: $522,000,000. Current Valuation: $1B (~estimated).
Key Investors
- SoftBank
- Details: SoftBank is a Japanese multinational conglomerate holding company. It is known for its aggressive investment strategy in technology and telecommunications.
- Investment Focus Areas: Technology, telecommunications, transportation.
- Notable Investments: Uber, WeWork, ARM Holdings.
- Andreessen Horowitz
- Details: Andreessen Horowitz is a prominent venture capital firm based in Silicon Valley. It specializes in early-stage and growth-stage technology companies.
- Investment Focus Areas: Software, internet, biotechnology.
- Notable Investments: Facebook, Airbnb, Slack.
- Horizons Ventures
- Details: Horizons Ventures is a private investment arm of Hong Kong's richest man, Li Ka-shing. It focuses on disruptive and innovative technology companies.
- Investment Focus Areas: Technology, biotechnology, artificial intelligence.
- Notable Investments: Facebook, Spotify, Siri.
What's Next for Improbable?
Improbable stands at the cusp of a transformative era, with opportunities spanning multiple industries. The potential for SpatialOS to revolutionize gaming, transportation, and even urban planning is immense. The $502 million funding round led by SoftBank underscores the vast market potential, positioning Improbable to expand its ecosystem and forge new partnerships.
Future fundraising seems promising, especially with the possibility of tapping into SoftBank's Vision Fund. However, the path ahead is not without challenges. Improbable must navigate fierce competition from established platforms like Google VR and Unreal Engine while continuously innovating to maintain its edge in the rapidly evolving virtual reality landscape.
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