Layoff
Dec 2022Sky News reported Improbable was preparing to make more than 10% of its 950-strong workforce redundant as it scaled back its loss-making defence business.
SourceCompany research
Public company, workplace, funding, and market signals
Overview
London-based venture builder and technology company that creates, invests in, and operationally supports frontier-tech ventures across AI, Web3, and the metaverse. Its best-known product line is the MSquared / Morpheus platform for large-scale, interoperable virtual worlds and live events; the company has evolved from a virtual-world infrastructure vendor into a venture builder with active spinouts and investments.
Primary product
MSquared / Morpheus platform for large-scale virtual worlds and metaverse infrastructure
Founded
2012
Headquarters
London, England, United Kingdom
Team size
80-90
Work style
Flexible
Industry
Software Development
Sub-industry
venture builder / metaverse infrastructure / virtual worlds
Offices
10 Bishops Square, London E1 6EG, United Kingdom
Greater London, United Kingdom
Nottingham, United Kingdom
Business model
Funding
Stage
late-stage
Total raised
$866M
Latest round
Venture Round · Oct 2022
Latest amount
$111M
People & investors
Leadership
Chief Executive Officer & Founder
Chief Product Officer & Co-founder
Chief Operating Officer
Work & culture
Highly flexible and autonomy-oriented, with a remote-first / hybrid-optional culture, emphasis on hard technical problems, and a founder-friendly, venture-building mindset.
Work style
Flexible
Visa sponsorship
Limited
Compensation
Public job ads advertise competitive salary and strong benefits rather than a standardized public pay scale; some listings show role-specific salary bands, plus private healthcare/dental, flexible hybrid work, unlimited holiday, home-office support, and monthly flex spend.
Benefits
competitive salary
private healthcare
dental coverage
flexible hybrid working
Product & market
Pricing
Custom / undisclosed; primarily equity and token investments plus venture-building partnerships rather than public list pricing.
Differentiators
- —Combines capital, engineering, and operational support in one venture-building model
- —Builds ventures rather than only investing in them
- —Deep experience in high-scale distributed systems and virtual worlds
- —Focus on interoperability and asset mobility across worlds
- —High-concurrency infrastructure with no-world-sharding positioning
- —Provides hands-on support from idea validation through MVP, pilots, and scale
Technology
Morpheus
MSquared
Scale & contact
Estimated revenue
about $100M-$150M (third-party estimate; public company filings also show materially different reported group revenue figures)
Estimated monthly visits
16.6K
Traffic estimate as of Jun 2026
Signals & risks
Other
Jun 2023Improbable sold/spun out its defence and national security business to an investor group led by NOIA Capital; around 70 engineers and modellers transferred.
SourceLatest news
Improbable · Nov 2025
Company update on FY24, 12 ventures in portfolio, and Somnia reaching a $1B FDV milestone.
Improbable · Jan 2025
Describes the venture-builder strategy, new ventures launched in 2024, and the company’s improving financial position.
Improbable · Sep 2024
Explains MSquared interoperability, MML, and cross-world digital asset handling in the metaverse stack.
Improbable · Jul 2024
Reports £66m revenue and £11m profit in 2023, plus the transition to the venture-builder model and MPG sale.
Open Positions
9 jobs at Improbable
Web3 Product Marketing Manager, DEX
RemoteSomniaRemote - International1d ago
Remote