“New Investment Will Accelerate Global Expansion, Innovation of VR/AR Motion Tracking Technology, and Expansion into New Commercial Applications”
Leap Movement, Inc., the main creator of movement monitoring expertise for pure input in virtual and augmented reality, at the moment announced $50 million in Collection C funding led by shoppers suggested by J.P. Morgan Asset Administration. The funding permits Leap Movement to drive international growth, significantly in Asia, which the corporate will serve by the opening of an workplace in Shanghai, China; advance innovation and adoption of its groundbreaking hand and finger monitoring expertise; and broaden its attain into new business and enterprise functions together with schooling, healthcare, and industrial coaching simulation. As a part of the funding spherical, Lawrence Unrein, World Head of J.P. Morgan Asset Administration’s Personal Fairness Group, has joined Leap Movement’s board of administrators.
“Pure input by full hand monitoring is inseparable and elementary to the way forward for VR/AR, and Leap Movement is a principal driver of its widespread adoption,” mentioned Michael Buckwald, CEO and Co-founder of Leap Movement. “In a lot the identical means because the touchscreen sparked the cell revolution, Leap Movement is enjoying a transformative role within the development of human interface expertise for VR/AR. Consequently, the trade as an entire is on the verge of an identical second of exponential development.”
“Virtual and augmented reality technologies are evolving at a rapid pace, drawing significant attention from investors,” mentioned Larry Unrein, World Head of J.P. Morgan Asset Administration’s Personal Fairness Group. “Leap Motion’s suite of hardware and software designed for headsets falls squarely into this category, offering natural input through hand and finger tracking that can be integrated into any headset.”
Since its founding in 2010, Leap Movement has turn out to be the acknowledged chief in movement monitoring for VR/AR. Leap Movement merchandise are utilized by main expertise firms reminiscent of Qualcomm, and by industrial designers, innovation labs, and tutorial researchers all through the world to combine movement monitoring right into a multitude of applications – from desktop and the Web of Issues, to virtual and augmented reality.
About Leap Movement
Leap Movement’s mission is to take away the limitations between individuals and expertise. The corporate’s unprecedented hand monitoring expertise – a mixed suite of software and hardware – helps you to attain into virtual and augmented reality to work together with new worlds. Leap Movement was based in 2010 and is presently partnering with main headset producers to embed Leap Movement expertise into cell VR/AR merchandise throughout the globe. The corporate is privately funded and headquartered in San Francisco, Calif.