Improbable sums? Cambridge graduates’ tech firm raises $500m

British virtual simulation startup launched just five years ago is valued at more than $1bn after funding from Japan’s Softbank

A five-year old British virtual simulation startup, co-founded by Cambridge computer science graduates, has been valued at more than $1bn after raising $502m (£390m) from Japan’s SoftBank.

The investment in the London-based firm Improbable is thought to be the largest made in a fledgling European tech firm.

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