Herman Narula, the chief executive of Improbable, said the invesment could help Improbable to become as big as Google or Facebook Times photographer Ben GurrImprobable, a British start-up that has developed technology that enables it to create virtual worlds for use in games, has received $500 million from the Japanese conglomerate Softbank. The deal is thought to be one of the biggest cash injections in an early-stage British technology company and is said to value Improbable at around $1 billion. Herman Narula, co-founder and chief executive of Improbable, hopes the investment will lead to the creation of a company that could as big and influential as Google or Facebook. “The goal is for Britain and Europe to produce big world-leading platform companies, like what the six US tech companies have managed to do. Improbable was founded…

Source: The Times May 12, 2017 07:52 UTC