Bristol spin-out Ultrahaptics secures investment in a round led by IP Group.

Ultrahaptics, a spin-out of Bristol University, has secured £600,000 ($940,000) to advance development of its ultrasound-based haptic technology. The round was led by IP Group and one of its managed funds, details of which remain undisclosed.

The spin-out, which previously secured £15,000 in June 2013 in Bristol University’s New Enterprise competition, will use the fresh investment to expand its software team. It will also advance its product development and increase customer engagement.

Ultrahaptics’ technology uses ultrasounds to create haptic feedback…