HERMAN NARULA RAISES 500M DOLLARS

  •   Ricky
  •   July 31, 2017
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HERMAN NARULA RAISES 500M DOLLARS

INDIAN ORIGIN FOUNDER RAISES $500M

A London-based start-up co founded by an Indian origin entrepreneur has been valued at more than $1 billion after raising $502 million from SoftBank this week in One of the UK’s largest ‘ Veneure capital deals. 

Improbable, a VR tech firm, was co-founded by Herman Narula with a Cambridge University frlend m 2012. SoftBank’s investment In the firm, which uses cloud-based. computing to create virtual worlds for use in games as well as large-scale simulations of the real world, is said to be the largest ever funds injection in a European tech start-up. . . “This investment will allow us to take the big, bold steps .needed. to fully realise our vis10n. This investment reflects the potential size and ‘ importance of the market for this next generation of games and, ummately, how masswescale virtual worlds could become fundamental to how somety works,” said Narula, who is the CEO of the company, "' 

INDIAN ORIGIN FOUNDER RAISES $500M A London-based start-up co founde