Last year, stealth startup OcuSpec raised $1.3 million from Andressen Horowitz, Founders Fund, SOSventures International and a number of angel investors. Today, the company is announcing that is has raised a $12.75 million Series A round led by Highland Capital Partners with participation from its existing investors. This brings Leap Motion’s total funding to $14.55 million. It is also changing its name from OcuSpec to Leap Motion. What it isn’t announcing, though, is what its actual product will look like.
A year go, our own Alexia Tsotsis thought that OcuSpec/Leap Motion was probably working on a “poor man’s Kinect, except that it will work across any platform.” That still sounds like a pretty good guess.
All we know for sure is that the company is indeed working on motion-control software and hardware. According to the company’s CEO Michael Buckwald, Leap Motion is a solution “to the challenge of 3D motion control and motion sensing is completely unique from existing products, with tremendous implications across all aspects of computing and device interaction.” Andy Miller, a general partner at Highland Capital Partners says “Leap Motion’s founders have uniquely positioned this company to make the next giant leap forward in computing.”
Leap Motion provides the world’s most powerful and sensitive touch-free 3-D motion-control and motion-sensing technology. Leap Motion’s proprietary technology, invented by co-founder David Holz, can track the movement of both hands and all 10 fingers with up to 1/100th millimeter accuracy and no visible latency. The Leap Motion Controller is a small USB device available for pre-order at $79.99. The Leap Motion technology can easily embed into other consumer and enterprise hardware. Leap Motion allows anyone to use natural...