UK video game technology company Improbable has raised $150 million.
The company’s flagship project “M Squared” promises to connect different metaverse worlds via a blockchain, including communities in sports, music, fashion, and entertainment.
Improbable, founded in London in 2012 by Herman Narula and Rob Whitehead, works with partners including the US Department of Defense, the UK Ministry of Defence, and numerous video game studios.
The round was led by Andreessen Horowitz and SoftBank Vision Fund 2, with additional participation from Mirana, Digital Currency Group, CMT, SIG and Ethereal Ventures.
“We founded Improbable to make real the promise of incredible online worlds that were more than just games – they were extensions of our lives,” said Herman Narula, chief executive at Improbable.
“Giving people the tools to design their own metaverses at the scale that Improbable enables, with Web3 interoperability and composability to expand on each other’s creations, will result in some truly ground-breaking virtual experiences,” said Chris Dixon, general partner at Andreessen Horowitz.
Latest News
-
Discord data breach exposes thousands of age-verification ID photos
-
Klarna partners with Google Cloud to supercharge AI capabilities
-
ASA conducts large scale AI trial to monitor alcohol ads
-
Rishi Sunak joins Microsoft and Anthropic as senior advisor
-
Google and Yapily join forces on account verification for businesses
-
SoftBank to buy ABB’s robotics business for $5.3bn
The future-ready CFO: Driving strategic growth and innovation
This National Technology News webinar sponsored by Sage will explore how CFOs can leverage their unique blend of financial acumen, technological savvy, and strategic mindset to foster cross-functional collaboration and shape overall company direction. Attendees will gain insights into breaking down operational silos, aligning goals across departments like IT, operations, HR, and marketing, and utilising technology to enable real-time data sharing and visibility.
The corporate roadmap to payment excellence: Keeping pace with emerging trends to maximise growth opportunities
In today's rapidly evolving finance and accounting landscape, one of the biggest challenges organisations face is attracting and retaining top talent. As automation and AI revolutionise the profession, finance teams require new skillsets centred on analysis, collaboration, and strategic thinking to drive sustainable competitive advantage.
© 2019 Perspective Publishing Privacy & Cookies
Recent Stories