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Cooley Advises SoftBank on Improbable’s $502 Million Funding

Europe’s largest-ever Series B venture financing round

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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Related Contacts
Matthew Bartus  Partner San Francisco, Singapore, Palo Alto
Ryan Naftulin  Partner London
Justin Stock  Managing Partner – London London
Adam Ruttenberg  Partner Washington, DC, Reston
Lauren Creel  Partner Palo Alto
Harry Calkin  Associate London
Paula Holland  Partner London
Chris Coulter  Partner London
Aaron Archer  Partner London
Chris Stack  Partner London
Daniel Sellwood  Associate London
Harriet Jones  Associate London