SoftBank £389 million investment in Improbable

12/5/2017
Financial investment

£ 389 million

$ 502 million

Announced

12/5/2017


Overview:

  • Improbable has raised $502 million (£390 million) in a funding round led by Japan's SoftBank, valuing the company at over $1 billion.
  • The investment will be used to for technology development and to make additional hires for its London and San Francisco offices. 
  • Improbable is a British tech simulation company formed at Cambridge University that uses cloud-based computing to digitally simulate complex real-world locations.
  • The software can be used in hyper-realistic gaming but also to design infrastructure and scenarios for self-driving vehicles.
  • This is the largest ever Series B investment in Europe and the biggest venture financing round by a private British company in history.
  • The deal follows on from SoftBank's acquisition of Britain's largest tech company ARM for £24.3 billion in 2016 - SoftBank £24.3 billion acquisition of ARM Holdings.

Katrin Kostadinova - Data analyst

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