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Hand-tracking Pioneer Ultraleap Initiates Layoff Amid Major Restructuring

Road to VR

Ultraleap, the company behind the Leap Motion hand-tracking module, informed staff on Wednesday that it was proposing a layoff amid a potential restructuring of the business that could see the company split in two. Initially released in 2013, Leap Motion was one of the first viable hand-tracking modules to come to market.

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Ultraleap Reportedly Plans To Sell Its Leap Motion Hand Tracking Group Amid Major Layoffs

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The startups formerly known as Ultrahaptics and Leap Motion appear to be heading in separate directions again after 5 years together ended in significant layoffs. A Sky News report cites "sources" as saying the company is halving its workforce and plans to "seek a buyer for its hand-tracking business."

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Ultraleap’s Hand Tracking Platform Gemini Is Now Available for Download

ARPost

Now, thanks to a new and improved hand tracking platform developed by Ultraleap, these interactions will become even more improved and realistic. Introducing Ultraleap’s Fifth-Generation Hand Tracking Platform . It is their fifth-generation hand tracking platform, now available for download for Windows OS.

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Leap Motion Grabs $50M Investment for Class-leading Hand-tracking Tech

Road to VR

Leap Motion, a veteran player in the virtual reality sector (having been founded two years ahead of Oculus), has announced the closure of a Series C investment round totaling $50 million. However, one place in VR still seems like a potential sweet spot for Leap Motion’s hand-tracking tech: mobile.

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Qualcomm Signs “Multi-year” Deal to Bring Ultraleap Hand-tracking to XR2 Headsets

Road to VR

Qualcomm and Ultraleap today announced a “multi-year co-operation agreement” that will bring Ultraleap’s controllerless hand-tracking tech (formerly of Leap Motion) to XR headsets based on the Snapdragon XR2 chipset.

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Ultrahaptics Relaunches as ‘Ultraleap’ After Leap Motion Acquisition

Road to VR

Leap Motion, the optical hand-tracking firm, was acquired by Bristol, UK-based haptics company Ultrahaptics earlier this year. Leap Motion, known for its eponymous optical hand-tracking module and underlying software, was acquired by the company for a reported $30 million back in May.

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Leap Motion Raises $50 Million For Its Finger Tracking Technology

UploadVR Between Realities podcast

Leap Motion is one possible solution, with its hand and finger tracking technology offering one route for VR and AR headsets to let people make selections and interact with virtual worlds. This potential likely figured into the $50 million Series C funding raised by Leap Motion.