Ultrahaptics, a pioneering force in ultrasound technology, has successfully secured £17.9 million in its latest funding round. The Bristol-based company is set to leverage this new capital to fuel worldwide expansion and make significant inroads into both the virtual and augmented reality markets.
Ultrahaptics is transforming how we interact with technology through its revolutionary use of ultrasound to create tactile sensations in mid-air. This breakthrough allows users to intuitively interact with digital environments, experiencing virtual objects and applications in ways never thought possible. The funding positions the company to broaden its horizons significantly.
Mark Reilly of IP Group expressed enthusiasm for the company’s growth trajectory, noting its potential to disrupt the virtual reality sector. “We have supported Ultrahaptics from the very beginning,” he stated, reflecting on the company’s impressive growth.
As industries from automotive to healthcare explore touchless interfaces, the value of such disruptive technology becomes evident. With the ability to provide feedback via non-contact means, these applications are vast.
Dolby Family Ventures is known for its strategic investments in groundbreaking technologies. Their backing is a testament to the confidence in Ultrahaptics’ innovative direction and substantial IP portfolio.
These developments signify Ultrahaptics’ commitment to redefining user interaction across different fields, reinforcing the technology’s flexibility and broad application.
Makoto Seki from Cornes echoed similar sentiments, highlighting the evident demand for Ultrahaptics’ innovations within the market.
With this substantial investment, Ultrahaptics is well-positioned to accelerate its innovations and expand its market footprint. The company’s trajectory suggests a leading role in the evolution of digital interaction.
Ultrahaptics’ latest funding round of £17.9 million not only supports its ambitious expansion plans but also affirms its potential to revolutionise how we interact with technology. As the company moves forward, it continues to inspire confidence and anticipation within both the investor community and various industries.