Leap Motion Secures $30 Million in Series B Funding
Existing Investors Support Large-Scale Manufacturing for Early 2013 Launch
SAN FRANCISCO, Calif., January 3, 2013-- Leap Motion, the motion-control software and hardware company changing the future of human/computer interaction, today announced the closing of a $30 million round from existing investors.
"Leap Motion is poised to fundamentally change human/computer interaction, and this new funding will help us bring our technology to the mass global market," said Leap Motion CEO Michael Buckwald. "With this influx of capital, coupled with the major OEM partnership we also announced today, we're ready to make 2013 the year of the new interface."
The new funding round will be used to scale manufacturing in preparation for the retail launch of the Leap Motion controller in early 2013. Leap Motion's technology can track movements to 1/100th millimeter -- smaller than the tip of a pin -- with no visible lag time. The Leap Motion controller has a 150-degree field of view, and tracks individual hands and all 10 fingers at 290 frames per second.
Leap Motion has had tremendous demand for its groundbreaking technology since it was announced in May 2012, and more than 40,000 developers have requested Leap Motion developer units to begin creating applications that take advantage of Leap Motion's unprecedented accuracy and speed. Leap Motion has sent more than 12,000 free developer units to developers around the world, and the Leap Motion controller will ship with an application store where developers can monetize their work and consumers can discover new uses for Leap Motion.
"When we first invested in Leap Motion, it was a couple of brilliant minds with a revolutionary technology," said Peter Bell, general partner at Highland Capital Partners. "In just months, it's blossomed into a fast-growing company on the brink of completely reinventing the way the world interacts with technology. Leap Motion is here to stay."
Leap Motion also announced an OEM bundling partnership today with ASUS.
About Leap Motion
Based in San Francisco, Leap Motion is a motion-control software and hardware company developing the world's most powerful and sensitive 3-D motion-control and motion-sensing technology. Leap Motion's first product, the Leap Motion controller, will be available in early 2013. Leap Motion is 200 times more sensitive than existing motion-control technology, making it the first product to let users navigate and interact with computer applications using natural hand and finger movements. Leap Motion was founded in 2010 by Michael Buckwald and David Holz.
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