In the Virtual Reality space, one of London’s most intriguing companies has been Improbable and they have now burst out of the tech scene and into the broader mindset with its latest fund raise.
Raising $502m from Softbank
and valuing the business at $1bn, Improbably provides the foundations of building virtual reality applications, allowing other companies to build an experience on top. Rather unsurprisingly, Microsoft and Google - both with deep experience in building operating systems are also building their own competing platforms.
HelloVR is one company building on top of Spatial OS (Improbable’s virtual reality operating system). More on that social VR experience here
What is interesting to me is the similarity in how Improbable creates its worlds and how Minecraft (now owned by Microsoft) generates its worlds. Could some part of Minecraft end up in Microsoft’s VRos?
Clearly Softbank believes Virtual Reality is going to be a major market and owning the foundations of it is going to be as valuable. Will we end up with a few major players this time around?