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Saranac Partners invests alongside clients in Improbable’s M2 metaverse project
Saranac Partners are delighted to announce their participation alongside clients in Improbable’s $150m funding round to establish and develop M² (MSquared), a network of interoperable Web3 metaverses powered by its Morpheus technology.
Improbable, the UK-based metaverse technology company, has for nearly a decade developed technology enabling ever greater complexity in virtual worlds. The company is a leading provider of multiplayer services to over 60 global publishers and through its large scale simulation platform supports the UK government defence mission. Its Morpheus technology, an evolution of the company’s earlier SpatialOS product, supports over 10,000 players, able to interact with each other in dense virtual spaces.
The M² network will combine Improbable Morpheus technology with new services designed to support interoperability, commerce in digital assets, and governance in Web3. It will bring together companies, existing communities and fans in sports, music, fashion, and entertainment and enable them to interact in dense virtual spaces with unprecedented fidelity. The network is being designed to support integration with existing worlds as well as new projects. Improbable has established M² as a distinct entity to better enable governance in partnership with other businesses and eventually with its community.
Lead investors supporting M² include Andreessen Horowitz, SoftBank Investment Advisers, Mirana Ventures, Digital Currency Group, CMT Digital, Morgan Creek Capital, Ethereal Ventures, and AllianceDAO. Other notable participating investors include Round13 DAF, Zinal Growth (the tech investment vehicle of Guillaume Pousaz), and David E. Rutter.
For more information, please see Improbable’s press release.