Tencent helped the motion tracking technology developer secure series D funding that will go to product development and commercialisation.
Ultraleap, a UK-based mid-air haptics technology developer spun out of University of Bristol, has closed a £60m ($81m) series D round featuring internet and gaming group Tencent.
Financial services firm China Merchants Bank’s CMB International arm also took part in the round alongside commercialisation firm IP Group, Mayfair Equity Partners and British Patient Capital’s Future Fund: Breakthrough vehicle. It has now raised over $164m altogether.
Founded in 2013 as Ultrahaptics, Ultraleap has created haptics interface and hand-tracking software able to…
