HaptX series A-1 - Main 1

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This new growth financing gives HaptX sufficient resources to press ahead with meeting enterprise demand for its haptic gloves

Quick read

➨ The US-based haptic technology provider is moving into new headquarters in the Seattle area as it gears up a second manufacturing run of HaptX Gloves DK2
➨ Announced at the beginning of 2021, HaptX Gloves DK2 are the first gloves with true-contact haptics available for purchase, according to their developer
➨ The series A-1 financing round included participation from existing investors Verizon Ventures, Mason Avenue Investments, Taylor Frigon Capital Partners, and Upheaval Investments

The story

HaptX has secured $12 million in series A-1 financing following the successful debut of its most advanced haptic feedback gloves.

The US-based haptic technology provider is also moving into new headquarters in the Seattle area as it gears up a second manufacturing run of HaptX Gloves DK2, whose first run sold out in less than six months.

Gloves with true-contact haptics

Announced at the beginning of 2021, HaptX Gloves DK2 are the first gloves with true-contact haptics available for purchase, according to their developer, making them ideal for a range of enterprise use cases, including training, collaboration and design.

HaptX uses proprietary microfluidic technology to replicate the feeling of touching real objects. 

Each DK2 glove features more than 130 discrete points of tactile feedback that physically displace the user’s skin up to 2 mm.

Together, they are capable of the strongest force feedback currently available, according to HaptX, with exotendons that apply up to 40 lbs of dynamic force feedback per hand (8 lbs/35 N per finger).

HaptX series A-1 - HaptX Gloves DK2
HaptX Gloves DK2

The gloves also incorporate accurate hand tracking through a proprietary magnetic system that captures 30 degrees of freedom per hand with sub-millimetre precision.

Further refinements made HaptX Gloves DK2 lighter and smaller than earlier models. The new gloves also boast a better fit and ergonomics, and are capable of room-scale virtual reality support and multi-user networking.

Addressing real-world enterprise needs

HaptX’s $12 million in growth financing brings the company’s total funding to $31 million, giving it sufficient resources to press ahead with meeting enterprise demand for its haptic gloves.

The round included participation from existing investors Verizon Ventures, Mason Avenue Investments, Taylor Frigon Capital Partners, and Upheaval Investments.

Michelle McCarthy, a managing director of Verizon Ventures, says: “HaptX’s advanced technologies make virtual reality a more fully immersive and realistic experience while addressing real-world enterprise needs.”

“Verizon’s 5G and MEC are instrumental in enabling wireless VR for multiple applications—especially in a quickly evolving workforce. We look forward to supporting the team’s vision and technology.” 

HaptX’s new headquarters in Redmond, Washington, features 15,000 sqft of office and warehouse space. The company has also expanded its San Luis Obispo office footprint by 50% and plans to add dozens of new positions across all areas of the company over the next 12 months.

Joe Michaels, chief revenue officer of HaptX, comments: “We can’t wait to bring HaptX customers to the hardware showroom in our new headquarters. Customers will soon be able to experience current and next-generation HaptX products and meet the talented people who make them.”

HaptX has open positions available in mechanical engineering, software development, sales, and operations across its Seattle and San Luis Obispo offices.

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Images: HaptX

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