Ultrahaptics Want to Bring Sense of Touch to VR

Published by , December 11, 2016 1:42 pm

(VentureBeat)  Ultrahaptics wants to bring “haptics” technology to VR to make it more immersive. The inspiration for Ultrahaptics came from Tom Carter, founder and chief technology officer of the company. He started working on his ideas in college in 2009, and started the companay in 2013 with partner Steve Cliffe.
The company raised $872,000 early on, and last year it raised another $12.5 million. Investors include the IP Group in the United Kingdom, and Woodford Investment Management. In 2014, Ultrahaptics generated about $60,000 in revenue. That turned into $500,000 in 2015 and an estimated $2.5 million this year, said Cliffe, who serves as CEO, in an earlier interview.

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