Saranac Partners: Improbable Raises US$150M in Funding

Improbable, a London, UK-based metaverse technology company, raised US$150M in funding. Led by CEO Herman Narula, Improbable is a metaverse technology company, which partners with video game developers, entertainment companies, and academic institutions to enable virtual worlds. Its Morpheus technology, an evolution of the company's earlier SpatialOS product, supports over 10,000 players, able to interact with each other in dense virtual spaces. The M² network will combine Improbable Morpheus technology with new services designed to support interoperability, commerce in digital assets and governance in Web3. Improbable has established M² as a distinct entity to better enable governance in partnership with other businesses and eventually with its community.