Improbable, virtual reality start-up has put a sum of $502 million in a European technology business at its early stage of growth.
Who is the investor?
Softbank, Japanese mammoth that is the largest investor in Snapdeal and looking for Snapdeal sale and Freecharge sale, chose to invest in this buisness which would be value the business at approx $1 billion.
Next Version In Computing
Herman Nerua who is the CEO at Improbable said that, “We believe that the next major phase in computing will be the emergence of large-scale virtual worlds which enrich human experience and change how we understand the real world”.
The company was established by two graduates of Cambridge University to develop virtual words and simulation on large scale.
About Company’s Technology
This UK based tech firm affirms that its technology of Spatial OS Operating System will enable the small developers to develop a huge simulation irrespective of limited resources that are served in infrastructure.
How Will The New Technology Help Us?
The managing director of Softbank, Deep Nishar said that, “Beyond gaming, this new form of simulation on a massive scale has the potential to help us make better decisions about the world we live in. Improbable’s technology will help us explore disease, improve cities, understand economies and solve complex problems on a previously unimaginable scale”.
Company Is Seeking To Tie-Up With Google
The company has tied up with Google to share it’s operating system on Google’s cloud. Though the technology was primarily designed keeping gaming developers in mind, it’s potential of use in other applications too has developed interest from a large number of investors too.