Ultraleap raises $82m to push ahead with Gemini hand tracking platform - Ultraleap logo 1

Mark manages all of the content for VRWorldTech. To discuss an idea or pitch a story, drop him a line at editor@vrworldtech.com

Ultraleap aims to contribute to a controller-free metaverse

Quick read

➨ Hand tracking and mid-air haptics technology provider Ultraleap has raised $82 million in a Series D funding round
➨ New investors participating in this round include Tencent, British Patient Capital through its Future Fund: Breakthrough programme and CMB International
➨ The fundraise follows the launch of Ultraleap’s fifth-generation hand tracking platform, Gemini, earlier this year

The story

Hand tracking and mid-air haptics technology provider Ultraleap has raised $82 million in a Series D funding round.

UK-based Ultraleap aims to use the capital to further develop and commercialise its technologies for existing and next-generation computing platforms.

New investors participating in this round include Tencent, British Patient Capital through its Future Fund: Breakthrough programme and CMB International.

They were joined by existing shareholders Mayfair Equity Partners and IP Group.

The fundraise follows the launch of Ultraleap’s fifth-generation hand tracking platform, Gemini, earlier this year. It is now available across multiple platforms, camera systems and third-party hardware, including Qualcomm’s Snapdragon XR2 chipset and Varjo’s VR-3 and XR-3 headsets.

Ultraleap raises $82m to push ahead with Gemini hand tracking platform - Gemini hand tracking in action
Gemini hand tracking in action

Ultraleap says the funding will enable the company to bring Gemini to different operating systems while increasing its investment in tooling to enable developers to build more apps that utilise hand tracking, a technology considered vital to improving the quality of and experience in virtual environments.

Tom Carter, chief executive officer of Ultraleap, explains: “The metaverse concept is not new to Ultraleap. It has always been our mission to remove boundaries between physical and digital worlds. The pandemic has accelerated the rise of the term as more people now understand the power of enhancing the physical world with digital elements.”

“For Ultraleap, this new era is not constrained to VR headsets. Like the internet, it is a reality we will interact with in all parts of life: at home, in the office, in cars, or out in public. Our aim with this series D raise is to accelerate the transition to the primary interface—your hands—because there are no physical controllers, buttons or touchscreens in anyone’s vision of the metaverse.”

Let VRWorldTech know what you think via Twitter, LinkedIn, Facebook or editor@vrworldtech.com.

Don’t forget to read the latest issue of VRWorldTech Magazine. And never miss an issue again by picking up a subscription today.

Images: Ultraleap

close