HaptX closes $12 million funding round, strikes partnership

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Haptic technology developer HaptX has closed a $12 million funding round and struck a partnership with a human-machine interface company.

Quick read

➨ The capital will fund the production of the next generation of gloves for VR and robotics

➨ The new partnership includes product development, manufacturing and go-to-market collaboration

➨ ‘With this foundational strategic partnership and fresh capital, we’re well positioned to scale up production to meet rapidly growing demand’

The story

The capital, from existing and new investors and bringing the company’s total funding to $19 million, will fund the production of the next generation of HaptX Gloves for virtual reality (VR) and robotics.

Participants in the funding round included existing investors NetEase and Amit Kapur of Dawn Patrol Ventures, as well as new investors Mason Avenue Investments, Taylor Frigon Capital Partners, Upheaval Investments, Votiv Capital, Keiretsu Forum and Keiretsu Capital.

Advanced Input Systems develops intuitive human-machine experiences in the medical, industrial, commercial, military and gaming sectors. The new partnership between the companies includes product development, manufacturing and go-to-market collaboration.

Jake Rubin, founder and chief executive officer of Seattle-based HaptX, said: “Over the past year, we’ve had dozens of world-class companies successfully pilot our HaptX Gloves Development Kit. With this foundational strategic partnership and fresh capital, we’re well positioned to scale up production to meet rapidly growing demand.”

Eric Ballew, president of Advanced Input Systems, added: “HaptX and Advanced Input Systems are overcoming a long-standing technology gap of seamlessly connecting the physical world to the virtual world. The ability of the HaptX solution to provide realistic touch feedback in wearable haptic devices bridges this gap, accelerating the adoption of VR products in enterprise applications.”

Enterprise customers are using HaptX Gloves in VR design, training and robotics. Earlier this year, the haptic tech developer announced a collaboration with Nissan that brought touch to the automaker’s virtual vehicle prototypes.

In the same month, Fundamental Surgery integrated HaptX Gloves into its VR medical training platform.

Image credit: HaptX