A Bristol start-up revolutionising how we interact with computers, automobiles and consumer goods has received a £10 miilion funding boost.
Engine Shed-based Ultrahaptics, one the world’s leading developers and of mid-air haptic technologies, has developed a unique technology that enables users to receive tactile feedback without needing to wear or touch anything.
The technology uses ultrasound to project sensations through the air and directly onto the user. Users can ‘feel’ touch-less buttons get feedback for mid-air gestures or interact with virtual objects.
This latest funding round of £10.1 million, led by Woodford Investment Management alongside existing shareholder IP Group plc, brings Ultrahaptics’ total funding to date to £11.3 million.
“The company is engaged with Tier 1 manufacturers in multiple markets and the investment from Woodford Investment Management will allow us to fulfil this demand and address additional markets and customers,” said Steve Cliffe, CEO. “Our technology completes gesture control by re- introducing the sense of touch.”
Mark Reilly of IP Group commented: “We have been involved with Ultrahaptics from the very beginning and have been delighted with both the technical and commercial progress achieved to date. We are extremely excited to participate in this Series A funding and the company’s continued development.”