Palo Alto and London – May 26, 2017 – Cooley advised SoftBank as the lead investor on London-based VR company Improbable’s $502 million Series B funding round. A transatlantic Cooley team worked on this record-breaking transaction, led by Matthew Bartus in Palo Alto and Ryan Naftulin in London.
Founded in 2012, Improbable is developing a platform that allows third parties to build virtual and simulated worlds. It offers solutions for application in many sectors, including gaming, biology, economics, defense, urban planning, transportation and disease prevention. In 2016, Improbable collaborated with Google to launch its first product, SpatialOS, a computation platform that allows developers to exceed the power of a single game engine or server.
“Improbable’s technology will help us explore disease, improve cities, understand economies and solve complex problems on a previously unimaginable scale,” said Deep Nishar, managing director of SoftBank, in a press release. “Along with Machine Learning and IoT, Improbable’s distributed computation technology represents a critical next frontier in computing.”
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