Aberdeen AM's Dunbar: Unicorn sighted in London

Private companies valued at £1bn or more

As fledgling British tech firm Improbable joins the list of 'unicorns' - private companies valued at more than £1bn - Richard Dunbar, senior investment strategist at Aberdeen Asset Management, argues what the future has in store for such companies.

Earlier this month, Japan's Softbank invested $502m into UK technology company Improbable - the largest-ever venture-financing round for a private British company. Founded just five years ago by two Cambridge University computer-science students, Improbable focuses on large-scale simulations in the cloud, enabling virtual worlds of unprecedented scale and complexity. Its genesis was in gaming, but its technology has also been used to model autonomous vehicle fleets. The key considerations for Japan investors as QE experiment extended The funding is great news for Improbable and ...