Ultraleap, a leading pioneer in the next generation of Spatial Computing, recently announced that it has completed a $45 million Series B strategy. The investment was led by London-based venture capital firm Touchstone Innovations and supported by existing investors including IP Group, LG Tech Venture, Maven Capital Partners and Robert Bosch Venture Capital. This fundraise demonstrates the widespread confidence in the potential of Ultraleap and its innovative machine intelligence technology to revolutionise user interaction with electronic devices.
The funds will accelerate the development and commercial success of Ultraleap’s patented hand tracking in virtual and augmented reality and other new computing sectors. In addition to developing their flagship product Leap Motion Controller, Ultraleap is investing heavily in building artificial intelligence algorithms that can accurately identify people’s hands when interacting with computers or performing tasks. With this innovation, Ultraleap aims to provide an improved user interface that can be used across various industries, from gaming to medicine to automotive.
This fundraise’s success shows that investors and experts from major tech companies, such as Samsung Electronics America Inc., Nvidia Corp., Microsoft Corp., Intel Corp., Facebook Inc. and Apple Inc., are showing strong interest in Ultraleap’s core technologies. With such advanced technology, Ultraleap will ensure elevated user experiences while maintaining data privacy —making them pioneers in reshaping future human-computer interactions.
Overview of Ultraleap
Ultraleap is a motion capture and VR/AR technology specialist, headquartered in the UK. The company recently announced a total of £60 million in its Series D fundraise. This fundraising effort is a vote of confidence in the company and its technology, as it marks one of the largest fundraisers for a UK technology company.
Let’s take a closer look at the company and what it does.
What is Ultraleap?
Ultraleap is a UK-based company with an international reach that has pioneered virtual and augmented reality technologies for over 20 years. The company is committed to creating powerful, intuitive, affordable solutions transforming interactions between people and technology. Through AI and advanced haptic feedback by capturing hand movement, Ultraleap’s groundbreaking products – including the Leap Motion controller, Sense 3D mouse, Touchpad, Pointer – offer users a more natural way to interact with virtual content.
Ultraleap also produces custom modelled interactive haptic feedback tools for gaming and other applications. The company recently raised $30 million in its Series B funding round, including strategic investors SoftBank Ventures Korea and Sony Innovation fund. This fundraising was a vote of confidence in the bright future ahead of Ultraleap as they continue to develop cutting-edge technologies that will shape how humans interact with computers in virtual reality.
The technology behind Ultraleap
Ultraleap is a world-leading provider of mid-air haptic and 3D/6DOF tracking technologies that enable people to interact touchlessly with technology naturally and intuitively. Ultraleap enables new immersive experiences and interactivity across various sectors including automotive, industrial, medical, retail, gaming, entertainment and education through its cutting-edge hardware, software, and services.
At the heart of Ultraleap’s technology is its end-to-end system for capturing hand gestures in three dimensions and whole hand poses and positions in six degrees of freedom (6DoF). Powered by its human sensing engine, gesture engines combined with proprietary algorithms to reduce noise from the sensor’s environment means that Ultraleap can detect gestures accurately even around challenging environmental conditions such as presence of materials or other body parts on the hands.
For its 6DOF tracking technology , Ultraleap uses optical sensors designed for computer vision applications that provide Human Pose Estimation (builds 3D representation from 2D image) for capturing the user’s whole body poses with ultra-low latency. Other than individuals, users benefit from this technology when it comes to augmented reality head gear experience by providing a full sense physical environment by using motion tracking algorithms to map out the physical objects around them; enabling virtual high fidelity interaction between users and objects found within physical space.
The Series D fundraise
Ultraleap, a world-leading company in hand tracking technology, recently closed a Series D fundraise of £60 million, representing a major vote of confidence in the company. All of its existing investors, including MMC Ventures, Woodford Investment Management, IP Group, and Intel Capital, participated in the round.
Let’s look at what this fundraise means for Ultraleap and the potential implications it may have.
Details of the fundraise
Ultraleap, a leader in proximity sensing technology, recently announced the closing of its Series D fundraise at $45 million. The fundraise was led by existing investors such as Sony Innovation Fund and Pi Ventures alongside new investors including Taiyo Pacific Partners and Dream Incubator. This marks the culmination of an 18-month process during which Ultraleap raised $83 million in total funding to support its ongoing innovation and development efforts.
The Series D fundraise will be used to further develop Ultraleap’s platform technologies to deliver comprehensive solutions that redefine digital UX over near-air space. After successfully completing the raise, Ultraleap announced the appointment of Hiroshi Takikawa as Executive Chairman and CTO, while Rokid’s Takuya Ito came onboard as Chief Strategy Officer.
The Series D fundraise is seen as a vote of confidence for Ultraleap by investors who recognize the vast potential for its pioneering near-air technology with consumer electronics, healthcare applications and AR/VR headsets. Moving forward, the funds raised will enable Ultraleap to accelerate product development in industries ranging from consumer electronics to automotive, retail and manufacturing. With this capital backing it up, there is no doubt that Ultraleap is poised to become an important player in the global tech industry going forward.
Reasons for the fundraise
Ultraleap has just completed a $45 million Series D fundraise, with participation from leading global investors. This vote of confidence in Ultralap’s technology and program will accelerate the development of the world-leading gestural experience.
The funds support Ultraleap’s ambition to build an ecosystem of hardware and software partners, enabling developers and user experience designers to create intuitive, hands-free experiences for various industries, from virtual reality gaming to health care. In addition, the funds will allow for further investments into R&D including next-generation gestural interactions, accommodating hand shapes, faster actions, improved accuracy and understanding of deep body language – key enablers for the silent voice interface that is the cornerstone of the Ultraleap vision.
The team at Ultraleap are incredibly proud to be supported by world-class investors who share our belief that gesture control has a substantial role to play in the future of how people interact with machines. In particular this latest round gives us additional insight into how we should build our products for our partners in various regions worldwide as we expand our reach globally.
The fundraise is not just a financial resource but also provides us with added credibility in being trusted by some astute experts further validates our position as market leader in consumer grade gesture control technology and once again puts us ahead of anyone else in this developing field.
Ultraleap raises £60 million in Series D fundraise
Ultraleap recently announced that it has raised £60 million in Series D fundraise led by Investment Corporation of Dubai and UBS Otc. This is a major milestone for the company and is a strong vote of confidence in their technology, which has the potential to revolutionise the way people interact with machines.
In this section, we’ll examine the impact of this fundraiser.
Benefits for Ultraleap
The recent fundraising campaign by European venture capital firm Atomico marks a significant milestone for Ultraleap and its progress developing technology that harnesses virtual and augmented reality hand-tracking. After completing a $45 million Series C round, Ultraleap is further establishing itself as an industry leader at the forefront of gesture interaction technologies.
Through this fundraising campaign, Ultraleap has raised $85 million, reinforcing the long-term value proposition of the company’s cutting-edge technology. The value placed on the company by investors reflects the overall positivity from various industries on its current projects and future potential. Having recently opened offices in Japan and announcing partnerships with Microsoft, Qualcomm and other renowned companies, it is clear that stakeholders have faith that these investments will reap long-term rewards for Ultraleap’s partners.
This fundraise has greatly extended Ultraleap’s ability to expand their reach beyond those already associated with their partnerships. The new funds mean they can further develop their existing software libraries and explore more advanced features like machine learning. Additionally, they can increase development of more sophisticated hardware solutions while investing heavily in research to increase their scope in gesture recognition across different platforms.
Ultimately, this fundraise also shapes Ultraleap as a publicly recognised leader in hand-tracking technology. By receiving attention from high profile individuals such as former Skype cofounder Niklas Zennström who initiated this series c round via Atomico, the visibility for Ultraleap’s products will be expanded exponentially– further helping them establish themselves as an essential player in virtual reality.
Benefits for the investors
The successful fundraiser will directly impact Ultraleap’s strategic positioning and long-term growth objectives. The investor trust implied by a large successful raise has the potential to benefit both Ultraleap and its investors. Investors can anticipate potentially attractive returns in the long term due to their involvement.
The funds secured through this fundraise will provide capital that Ultraleap can use staff expansion, Research & Development, international market expansion, or any other combination or tactics to drive growth. With these resources available, the company’s development of next-generation products is expected to accelerate. This subsequently should give the firm more competitive advantage and amplify opportunities for further commercial partnerships from potential strategic investors.
Ultraleap’s new partners can also look forward to conferring additional technologies for their respective markets during future collaboration endeavours with Ultraleap’s proprietary tech suite which serves as an ideal base for start-up investments with more tangible business outcomes and an appealing potential return on investment (ROI). This capital raise puts the firm in a much improved position to fully capitalise on its immense potential. Additionally it deepens current & future corporate partnerships by expanding engineering capabilities and providing access to groundbreaking technology that stand out from other companies in their field.