Venture builder Improbable backs AI business messaging app with $10M
Improbable,the UK tech company that has pivoted to venture building, has brought its thirdproduct out of stealth, an AI messaging app used to automatebusiness processes, which it is backingwith $10m o...
UK tech firm Improbable, known for its pivot to venture building, has unveiled a new AI messaging app to automate business processes, backed by $10 million of its own capital. London-based Improbable, established in 2012, shifted from its origins in gaming and metaverse infrastructure to venture building in 2023. The company, formerly valued at $500 million after a 2017 SoftBank investment, is now funding its own products, some of which may seek external funding in subsequent rounds.
Improbable's latest venture, called Bolter, is an AI-native messaging platform designed for non-technical operators to automate business processes through plain text instructions. Bolter's AI agents collaborate to plan, debate, and delegate tasks, while the user sets the overarching goal. The platform emphasizes its European credentials, advocating for the creation of a major messaging platform within Europe.
Improbable's CEO and co-founder, Herman Narula, acknowledged the competition with major US tech firms but expressed confidence in Bolter's potential. He emphasized the company's experience in real-time infrastructure and its ambition to create a messaging platform that integrates AI agents with human teams, stating that they are willing to attempt this in Europe.
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