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

Toshiba's future imperiled by shaky ethics, nuclear fiascos

May 31, 2017

Toshiba Corp.'s last-gasp strategy for staying afloat - selling its prized computer chip operations - may buy time but is no cure-all

Twitter adds more safety tools, will curb abusive accounts

Mar 1, 2017

Twitter is announcing more new tools intended to curb abuse, part of an ongoing effort to protect its users from hate and harassment

Scientists ID tiny prehistoric sea worm with 50 head spines

Aug 3, 2017

New fossils help scientists discover a prehistoric sea worm with 50 spines on its faceless head

Peaple also read these

Toshiba's future imperiled by shaky ethics, nuclear fiascos

May 31, 2017

Toshiba Corp.'s last-gasp strategy for staying afloat - selling its prized computer chip operations - may buy time but is no cure-all

Twitter adds more safety tools, will curb abusive accounts

Mar 1, 2017

Twitter is announcing more new tools intended to curb abuse, part of an ongoing effort to protect its users from hate and harassment

Scientists ID tiny prehistoric sea worm with 50 head spines

Aug 3, 2017

New fossils help scientists discover a prehistoric sea worm with 50 spines on its faceless head

About Us

Stillsurge is a home for individuals to find the latest day-to-day Science and Technology news which electrify and empower their knowledge.

Contact us: sales@stillsurge.com