Software

Ultraleap raises $82 M

Image provided by iStock.

November 18, 2021

Tom Carter

Ultraleap, a provider of hand tracking and mid-air haptic technologies, has completed a £60 million ($82 million) Series D round of investment, according to a press release.

New investors include Tencent, British Patient Capital through its Future Fund, Breakthrough and CMB International. They join existing shareholders Mayfair Equity Partners and IP Group PLC, which also invested in the round.

"The metaverse concept is not new to Ultraleap," Tom Carter, Ultraleap CEO, said in the press release. "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."

Photo courtesy of Ultraleap.