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Leap Motion nabs $50M for its VR/AR hand-tracking tech

July 24, 2017 | Telepresence Options

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Story and images by TechCrunch

Headset-based VR and AR may be a bit slower out of the gates than many had hoped, but investors are still pouring money into startups looking to change how consumers interact with the digital world.

Leap Motion, a hand-tracking company based in San Francisco, has raised $50 million in Series C funding led by clients advised by J.P. Morgan Asset Management, the WSJ reports. The startup has raised nearly $95 million to date.

The startup, backed by some of Silicon Valley's top venture firms, including Andreessen Horowitz and Founders Fund, has long billed its hand-tracking technologies as a replacement for the venerated mouse and keyboard, but the seven-year-old company has struggled to find interface problems for its technology to solve.

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