![]() The reported sale price was $30 million - about 10% of the company's peak valuation of $300 million reached in 2013. In May 2019, Leap Motion was acquired by Ultrahaptics the combined company was named 'Ultraleap'. In February 2016, Leap Motion released new software, called Orion, built for use in VR. In March 2015, it was announced that the upcoming OSVR Hacker Development Kit would include an optional faceplate with embedded Leap Motion module. A second competition in 2015 resulted in 189 entries. The competition received over 150 submissions. Later that year, Leap Motion launched a global game jam in partnership with independent games festival IndieCade with over $75,000 in prizes. In August 2014, the company launched a VR tracking mode for its core software, designed to provide hand tracking while the device is mounted on virtual reality headsets such as the Oculus Rift. In May 2014, Leap Motion released its version 2 software to developers in a public beta. In March 2014, it was reported in TechCrunch that roughly 500,000 units had been sold, far short of initial expectations as a result, Leap Motion announced layoffs for 10 percent of its workforce, primarily in sales and marketing. While the device was slated to launch in May 2013, full-scale shipping was later delayed until July. The company launched a software developer program in October 2012 and distributed roughly 12,000 units to developers interested in creating applications for the device. Īfter operating in quiet since 2010, Leap Motion publicly announced its first product, originally called The Leap, on May 21, 2012. In January 2013, Leap Motion announced a further series B round of funding for $30M. In May 2012, Leap Motion announced a $12.75M Series A funding round led by Highland Capital Partners. The company raised a $1.3M seed financing round in June 2011 with investments from venture capital firms Andreessen Horowitz, Founders Fund, and SOSV, as well as several angel investors. ![]() ![]() Holz co-founded the company with Michael Buckwald in 2010. The technology for Leap Motion was first developed in 2008, while co-founder David Holz was studying for a Ph.D. The company was sold to the British company Ultrahaptics in 2019, which rebranded the two companies under the new name Ultraleap. In 2016, the company released new software designed for hand tracking in virtual reality. (formerly OcuSpec Inc.) was an American company that manufactured and marketed a computer hardware sensor device that supports hand and finger motions as input, analogous to a mouse, but requires no hand contact or touching.
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