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About Improbable
Industries
Crypto & Web3
Entertainment
Gaming
Company Size
201-500
Company Stage
Late Stage VC
Total Funding
$914M
Headquarters
London, United Kingdom
Founded
2012
Overview
Improbable develops technologies for the metaverse, creating virtual worlds and experiences for brands that can be used for entertainment, social interaction, and business purposes. Their products work by integrating gaming, blockchain, and artificial intelligence to design and operate immersive environments. Unlike many competitors, Improbable not only builds these experiences but also acts as a venture builder, launching new businesses powered by their technologies. The company's goal is to make the metaverse a practical reality, helping brands generate new revenue streams through engaging virtual experiences.
Simplify's Take
What believers are saying
- Increased interest in virtual events boosts demand for Improbable's metaverse platforms.
- The rise of digital twins offers expansion opportunities beyond gaming for Improbable.
- 5G network expansion enhances performance and accessibility of Improbable's SpatialOS platform.
What critics are saying
- Competition from tech giants like Apple and Meta could limit Improbable's market share.
- Selling the defense division may reduce revenue diversification, increasing market vulnerability.
- Volatile cryptocurrency markets could impact Improbable's blockchain-related ventures and investments.
What makes Improbable unique
- Improbable's SpatialOS enables unprecedented scale and complexity in virtual world simulations.
- The company acts as a venture builder, launching new businesses within the metaverse.
- Improbable integrates gaming, blockchain, and AI to create innovative metaverse technologies.
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Funding
Total Funding
$914M
Above
Industry Average
Funded Over
5 Rounds
Andreessen Horowitz
SoftBankBenefits
Health Insurance
Dental Insurance
Hybrid Work Options
Flexible Work Hours
Unlimited Paid Time Off
Growth & Insights and Company News
6 month growth
↓ -1%1 year growth
↑ 0%2 year growth
↓ -2%ChainCatcher news, according to CoinDesk, the Otherside development company Improbable will launch the Somnia blockchain DevNet phase.
Herman Narula, co-founder and CEO of British multinational tech company Improbable, will be joining the Spot Ship board, his first board role outside the Improbable Group.
In 2022, Improbable raised $150 million in funding from prominent investors, including a16z crypto, SoftBank, Mirana Venture, CMT Digital, and SIG to establish MSquared, a network of interoperable metaverses powered by its Morpheus technology.
Victory League, a sports entertainment company, raised $4M in Seed funding
TORONTO--(BUSINESS WIRE)--Round13 Digital Asset Fund (DAF), Canada's only crypto native fund with a unique open-ended structure, today announced gains in excess of 40% since its launch in April 2022, amid a challenging market environment. The Fund has quickly made its mark and is consistently outperforming leading cryptocurrencies BTC by 30% and ETH by 60%. Round13 DAF has invested in 20 portfolio companies across Seed and Series A deals ranging from $250,000 to $5 million. Its portfolio companies span several key segments of the crypto market including AI, gaming and Metaverse, identity, and infrastructure. Sample portfolio companies within these market segments include Wombo, Improbable, Confirm, and ChainSafe. To date, several Round13 DAF portfolio companies raised funds at significantly higher valuations, bucking the down round fundraising trend experienced by many startups
Improbable is Hiring for 9 Jobs on Simplify!
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About Improbable
Industries
Crypto & Web3
Entertainment
Gaming
Company Size
201-500
Company Stage
Late Stage VC
Total Funding
$914M
Headquarters
London, United Kingdom
Founded
2012
Improbable is Hiring for 9 Jobs on Simplify!
Find jobs on Simplify and start your career today