Hand-tracking controller company, Leap Motion, has secured $50 Million Series C funding led by J.P. Morgan Asset Management. The funding enables Leap Motion to drive global expansion, particularly in Asia, which the company will serve through the opening of an office in Shanghai, China; advance innovation and adoption of its groundbreaking hand and finger tracking technology; and broaden its reach into new commercial and enterprise applications including education, healthcare, and industrial training simulation.
“Natural input through full hand tracking is inseparable and fundamental to the future of VR/AR, and Leap Motion is a principal driver of its widespread adoption,” said Michael Buckwald, CEO and Co-founder of Leap Motion. “In much the same way as the touchscreen sparked the mobile revolution, Leap Motion is playing a transformative role in the development of human interface technology for VR/AR. As a result, the industry as a whole is on the verge of a similar moment of exponential growth.”
As part of the funding round, Lawrence Unrein, Global Head of J.P. Morgan Asset Management’s Private Equity Group, has joined Leap Motion’s board of directors. He said, “Virtual and augmented reality technologies are evolving at a rapid pace, drawing significant attention from investors. 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.”