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A $40m funding round, Snapchat’s poor results, Deliveroo’s first acquisition and more in The Week in Tech

startup team

Welcome to The Week in Tech, your roundup of the week’s top technology news. This week, we have just under £430m in UK tech investment, Snapchat’s dire financial results, Deliveroo’s first acquisition and more.

Investment news

Improbable’s $502m

Improbable raised $502m (£390m) in a round of Series B funding led by SoftBank.

A statement from the company said: “All the funds from the investment will be invested in developing Improbable’s technology, including its SpatialOS distributed operating system. Improbable’s plans include accelerated recruitment in its London and San Francisco offices, and investments to develop a vibrant ecosystem of developers and customers.”

StarLeaf’s $40m

StarLeaf, a cloud-based video conferencing firm, raised $40m (£31m) from investors including Highland Europe and Grafton Capital.

Founded in Cambridge in 2008 by three telecomms and video conference entrepreneurs, StarLeaf says it will use the funds to scale globally....