What is Ultraleap?
Ultraleap is a pioneering company at the forefront of mid-air haptics technology. Its proprietary system utilizes focused ultrasound to generate tactile sensations in mid-air, allowing users to 'feel' virtual objects and interfaces without physical contact. This innovative technology enables immersive experiences for gesture control, virtual and augmented reality applications, and interactive digital displays, positioning Ultraleap as a leader in the burgeoning field of touchless interaction.
How much funding has Ultraleap raised?
Ultraleap has raised a total of $116M across 4 funding rounds:
Angel/Seed
$918K
Series A
$10.1M
Series B
$23M
Series D
$82M
Angel/Seed (2015): $918K, investors not publicly disclosed
Series A (2015): $10.1M led by Woodford Investment Management
Series B (2017): $23M supported by Cornes Technologies, IP Group plc, Woodford Investment Management, and Dolby Family Ventures
Series D (2021): $82M featuring Image Frame Investment and Tencent
Key Investors in Ultraleap
Woodford Investment Management
Woodford Investment Management is a UK-based financial services firm known for managing investment funds. While the firm has undergone changes, its past involvement indicates a strategic interest in companies with growth potential.
Tencent
Tencent is a global technology conglomerate headquartered in China, renowned for its extensive portfolio in internet and mobile services, including gaming and interactive entertainment. Their investment suggests a strategic alignment with Ultraleap's immersive technology.
IP Group plc
IP Group plc is a specialist intellectual property commercialization company that invests in and supports technology ventures. Their involvement highlights a focus on innovative technologies with strong commercialization potential.
What's next for Ultraleap?
With a substantial enterprise-level funding history and a recent major strategic investment, Ultraleap is poised for significant expansion. The company's trajectory suggests a focus on scaling its technology across diverse industries, including automotive, entertainment, and digital signage. Future developments will likely involve further integration of its haptic feedback systems into consumer electronics and enterprise solutions, solidifying its market leadership and driving innovation in human-computer interaction.
See full Ultraleap company page
