UK startup Improbable raises $502 million to build huge virtual simulations

Improbable, a UK startup dedicated to building vast virtual worlds, has been valued at more than $1 billion after raising $502 million in a funding round led by Japan’s SoftBank. The investment is the largest ever round of venture financing for a private British company, reports The Financial Times, and catapults Improbable into an elite tier of tech companies valued at more than $1 billion.The startup was founded in 2012 by Herman Narula and Rob Whitehead, a pair of computer science gradu