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July 24, 2024

Deeptech unicorn Improbable turns first profit as it pivots business model to venture building

Sales of Improbable subsidiaries brought the company into the black despite revenue dropping, according to its latest financial accounts

London-based metaverse startup Improbable has turned its first profit after a choppy period at the startup which saw it sell off parts of the business and make layoffs. 

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Kai Nicol-Schwarz

Kai Nicol-Schwarz was a senior reporter at Sifted. He covered AI and UK tech.

Deeptech & AI

Deeptech & AI

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The people, companies and trends shaping European AI and deeptech.