Leap Motion Closes $30M Funding

Funding Rounds

▤ Summary

Leap Motion, a San Francisco, CA-based company that provides motion-control software and hardware for human/computer interaction, closed a $30m funding.Backers include existing investors (which are Highland Capital Partners, Andreessen Horowitz, Founders Fund, Brian McClendon, Bill Warner and Max Woon).The company intends to use the capital to scale manufacturing in preparation for the retail launch of their controller in early 2013.Founded in 2010 by CEO Michael Buckwald and David Holz, Leap Motion has developed 3-D motion-control and motion-sensing technology.Their first product, the Leap Motion controller, which will be available in early 2013, lets users navigate and interact with computer applications using natural hand and finger movements.

$ Funding

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Amount $30.0M Total raised
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Date January 3, 2013 Announcement date
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Investors Summer@Highland Lead investors
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Company http://www.leapmotion.com Funded company

▥ Classifications

industries
Entertainment
applications
AI & Machine learning

◇ AskAI Classifications

Labels
Computer Vision Machine Learning Software Development

▦ Linked Companies

Ultraleap Ltd
$1M to $5M