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Hub AI
Leap Motion AI simulator
(@Leap Motion_simulator)
Hub AI
Leap Motion AI simulator
(@Leap Motion_simulator)
Leap Motion
Leap Motion, Inc. (formerly OcuSpec Inc.) was an American company, active from 2010 to 2019, that manufactured and marketed a computer hardware sensor device. The device supports hand and finger motions as input, analogous to a mouse, but requires no hand contact or touching. In 2016, the company released new software designed for hand tracking in virtual reality. The company was sold to the British company Ultrahaptics in 2019, which rebranded the two companies under the new name Ultraleap.
The technology for Leap Motion was first developed in 2008, while co-founder David Holz was studying for a Ph.D. in mathematics. Holz co-founded the company with Michael Buckwald in 2010. The company raised a $1.3 million seed financing round in June 2011 with investments from venture capital firms Andreessen Horowitz, Founders Fund, and SOSV, as well as several angel investors. In May 2012, Leap Motion announced a $12.75M Series A funding round led by Highland Capital Partners. In January 2013, Leap Motion announced a further series B round of funding for $30M.
After operating in quiet since 2010, Leap Motion publicly announced its first product, originally called The Leap, on May 21, 2012. The company launched a software developer program in October 2012 and distributed roughly 12,000 units to developers interested in creating applications for the device. While the device was slated to launch in May 2013, full-scale shipping was later delayed until July. In March 2014, it was reported in TechCrunch that roughly 500,000 units had been sold, far short of initial expectations; as a result, Leap Motion announced layoffs for 10 percent of its workforce, primarily in sales and marketing.
On April 7, 2014, COO Andy Miller left the company. In May 2014, Leap Motion released its version 2 software to developers in a public beta. In August 2014, the company launched a VR tracking mode for its core software, designed to provide hand tracking while the device is mounted on virtual reality headsets such as the Oculus Rift. Later that year, Leap Motion launched a global game jam in partnership with independent games festival IndieCade with over $75,000 in prizes. The competition received over 150 submissions. A second competition in 2015 resulted in 189 entries. In March 2015, it was announced that the upcoming OSVR Hacker Development Kit would include an optional faceplate with embedded Leap Motion module. In February 2016, Leap Motion released new software, called Orion, built for use in VR.
In May 2019, Leap Motion was acquired by Ultrahaptics; the combined company was named 'Ultraleap'. The reported sale price was $30 million - about 10% of the company's peak valuation of $300 million reached in 2013.
Ultraleap continued to develop the Leap Motion technology, supporting Android with the release of Gemini, and later expanding the computer vision functionality with Hyperion. Shortly after the launch of Hyperion in June 2024, the company announced plans to lay off half its workforce and sell off the Leap Motion technology once more. As of August 2024 they were still looking for a buyer.
Leap Motion partnered with ASUS who was expected to ship high-end notebooks, and all-in-one PCs (AIO PCs) with the technology later in 2013. Leap Motion also announced a deal with Hewlett Packard to embed its technology within HP computers. In December 2013, it was reported Leap Motion would be embedded into eleven HP devices, including keyboards and laptops.
Leap Motion has formed retail partnerships with Best Buy, Newegg, and Amazon.com. Leap Motion Controllers were sold by Dick Smith in Australia and New Zealand.
Leap Motion
Leap Motion, Inc. (formerly OcuSpec Inc.) was an American company, active from 2010 to 2019, that manufactured and marketed a computer hardware sensor device. The device supports hand and finger motions as input, analogous to a mouse, but requires no hand contact or touching. In 2016, the company released new software designed for hand tracking in virtual reality. The company was sold to the British company Ultrahaptics in 2019, which rebranded the two companies under the new name Ultraleap.
The technology for Leap Motion was first developed in 2008, while co-founder David Holz was studying for a Ph.D. in mathematics. Holz co-founded the company with Michael Buckwald in 2010. The company raised a $1.3 million seed financing round in June 2011 with investments from venture capital firms Andreessen Horowitz, Founders Fund, and SOSV, as well as several angel investors. In May 2012, Leap Motion announced a $12.75M Series A funding round led by Highland Capital Partners. In January 2013, Leap Motion announced a further series B round of funding for $30M.
After operating in quiet since 2010, Leap Motion publicly announced its first product, originally called The Leap, on May 21, 2012. The company launched a software developer program in October 2012 and distributed roughly 12,000 units to developers interested in creating applications for the device. While the device was slated to launch in May 2013, full-scale shipping was later delayed until July. In March 2014, it was reported in TechCrunch that roughly 500,000 units had been sold, far short of initial expectations; as a result, Leap Motion announced layoffs for 10 percent of its workforce, primarily in sales and marketing.
On April 7, 2014, COO Andy Miller left the company. In May 2014, Leap Motion released its version 2 software to developers in a public beta. In August 2014, the company launched a VR tracking mode for its core software, designed to provide hand tracking while the device is mounted on virtual reality headsets such as the Oculus Rift. Later that year, Leap Motion launched a global game jam in partnership with independent games festival IndieCade with over $75,000 in prizes. The competition received over 150 submissions. A second competition in 2015 resulted in 189 entries. In March 2015, it was announced that the upcoming OSVR Hacker Development Kit would include an optional faceplate with embedded Leap Motion module. In February 2016, Leap Motion released new software, called Orion, built for use in VR.
In May 2019, Leap Motion was acquired by Ultrahaptics; the combined company was named 'Ultraleap'. The reported sale price was $30 million - about 10% of the company's peak valuation of $300 million reached in 2013.
Ultraleap continued to develop the Leap Motion technology, supporting Android with the release of Gemini, and later expanding the computer vision functionality with Hyperion. Shortly after the launch of Hyperion in June 2024, the company announced plans to lay off half its workforce and sell off the Leap Motion technology once more. As of August 2024 they were still looking for a buyer.
Leap Motion partnered with ASUS who was expected to ship high-end notebooks, and all-in-one PCs (AIO PCs) with the technology later in 2013. Leap Motion also announced a deal with Hewlett Packard to embed its technology within HP computers. In December 2013, it was reported Leap Motion would be embedded into eleven HP devices, including keyboards and laptops.
Leap Motion has formed retail partnerships with Best Buy, Newegg, and Amazon.com. Leap Motion Controllers were sold by Dick Smith in Australia and New Zealand.
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