SoftBank sinks $500M into UK virtual reality startup

LONDON — A British startup founded five years ago by Cambridge University computer science graduates has received $502 million to develop large-scale virtual reality projects in a funding round led by Japan's SoftBank.

The investment gives SoftBank, a telecoms and energy company, a non-controlling stake in London-based Improbable.

Improbable Chief Executive Herman Narula said Friday that "the emergence of large-scale virtual worlds" would be the next major phase in computing.

The company, which employs about 200 people, creates virtual worlds for multiplayer games, and is researching real-life applications in fields including cybersecurity and traffic control.

SoftBank managing director Deep Nishar said Improbable's technology "will help us explore disease, improve cities, understand economies and solve complex problems on a previously unimaginable scale."

Related News

Sea Shepherd Australia says will continue South Ocean action

Aug 25, 2016

Sea Shepherd Australia said Thursday that a legal settlement involving the conservation group's U.S. founder will not affect its anti-whaling campaign in the Southern Ocean

Rusty patched bumblebee now an endangered species

Jan 10, 2017

Federal regulators have designated a bee species in the continental United States as endangered

Billions of dead trees force US fire crews to shift tactics

Sep 7, 2017

Thick stands of dead timber in the Western U.S. have forced firefighters to shift tactics, trying to stay out of the shadow of lifeless, unstable trees that could come crashing down with deadly force

Peaple also read these

Sea Shepherd Australia says will continue South Ocean action

Aug 25, 2016

Sea Shepherd Australia said Thursday that a legal settlement involving the conservation group's U.S. founder will not affect its anti-whaling campaign in the Southern Ocean

Rusty patched bumblebee now an endangered species

Jan 10, 2017

Federal regulators have designated a bee species in the continental United States as endangered

Billions of dead trees force US fire crews to shift tactics

Sep 7, 2017

Thick stands of dead timber in the Western U.S. have forced firefighters to shift tactics, trying to stay out of the shadow of lifeless, unstable trees that could come crashing down with deadly force

About Us

What if you could see what will happen to the world in the next 10 years? In The Daily Futurist, we explore mostly on geography, archaeology and natural science. See the future here in The Daily Futurist.

Contact us: sales@thedailyfuturist.com