Improbable, which is backed by SoftBank, said its revenues more than doubled last year after a pivot to powering new “metaverse” experiences.
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Improbable said that a part of the reason behind the company's reduction in losses was a dramatic lowering of costs for running mass-scale virtual events. Virtual reality startup Improbable said Wednesday that it reduced losses by 85% in 2022, a year that saw the company pivot its focus toThe British company said in a press release that its revenues more than doubled last year to £78 million , as its work on metaverses expanded significantly.
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