AxonVR, creators of the HaptX VR haptics platform, has secured $5.8 million in a seed funding round. This is the largest investment to date in a VR haptics company, led by Chinese company NetEase. Other investors include Dawn Patrol Ventures, and former Twitter CEO Dick Costolo. Back in 2014, Axon VR also completed a friends and family funding round of $1.2 million, bringing the company’s total funding to $7 million.
Jake Rubin, Founder and CEO of AxonVR explained the company’s vision, “We envision a world in which virtual experiences are indistinguishable from real life. This funding enables us to deliver HaptX technology to our first enterprise partners. It’s a big step towards achieving our vision.”
HaptX is a haptic textile that simulates lifelike touch, allowing users to feel the physical properties of virtual objects. The lightweight, flexible material means the sense of touch can be brought not just to wearables, but to other form factors as well. AxonVR aim to apply its HaptX platform into various industries, including design and manufacturing, as well as training and simulation.