Today it was revealed that Improbable, a British startup company announced that they have now raised a total of $1 billion from their latest funding round, news that comes after the British technology company announced that they had raised $502m in a round of Series B funding that was led by SoftBank.
With this new funding, Improbable has received the largest ever round of venture financing for a British company.
Previously, Improbable also recent funding from Andreessen Horowitz and Horizons Ventures from their Series A round.
They aim to use this funding to develop their latest distributed operating system, SpatialOS, which will be designed and developed to create hugely complex and interactive virtual worlds.
They say that their software will be used to power a variety of video games and virtual worlds, as well as more complex real-world simulations.
To start off with, they will be recruiting some new staff at their London and San Francisco offices, and then use the remaining investment to develop the ecosystem.
Herman Narula, CEO of Improbable said the following about the company’s plans:
“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. At Improbable we have spent the last few years building the foundational infrastructure for this vision.”
Improbable are also looking to work on some “mutually beneficial relationships with SoftBank, its partners and portfolio companies” as a result of this most recent investment. Deep Nishar of SoftBank has also joined the Improbable Board following this investment.