Backers included existing shareholders IP Group plc and Woodford Investment Management, as well as new investors Cornes and Dolby Family Ventures.
The company intends to use the funds for its global expansion and its entry into virtual and augmented reality markets.
Led by CEO Steve Cliffe, Ultrahaptics has developed technology that uses ultrasound to project sensations through the air, directly onto a user’s hand, enabling new user interfaces and experiences, making it possible to interact with virtual objects and applications in intuitive and natural ways. The technology is aimed at a variety of different applications in which touchless interfaces are being developed from automotive, where the company has developed concept vehicles with both BOSCH and HARMAN, to industrial controls, medical interfaces, and AR and VR environments.
FinSMEs
03/05/2017