VR startup HaptX, Inc. has now raised $31 million since its founding in 2012 in support of its technology that simulates touch sensation with unprecedented realism. It also enables natural interaction and true-contact haptics in virtual reality and robotics for the first time.
Further funding readily came about as a result of the company selling out the first run of its haptic feedback gloves in less than six months. With its Series A-1 funding in place, HaptX announced a second manufacturing run of its HaptX Gloves DK2, the world’s most advanced haptic feedback gloves. With so much momentum, it gained additional funding from existing investors Verizon Ventures, Mason Avenue Investments, Taylor Frigon Capital Partners, and Upheaval Investments.
“The COVID-19 pandemic accelerated enterprise adoption of virtual reality and telerobotics. Companies are increasingly recognizing the value of true-contact haptics for training, design, and robotics applications,” said Jake Rubin, Founder and CEO of HaptX.
Much is now underway for HaptX as they enter their new state-of-the-art headquarters that enables them to scale faster by growing its workforce to meet the growing demand of their product. Their new HQ facility in Redmond, WA has 15,000 square feet of office and warehouse space. The company also expanded its office footprint in San Luis Obispo by 50%, pivoting to accommodate the many news hires expected over the coming 12 months.
“HaptX’s advanced technologies make virtual reality a more fully immersive and realistic experience while addressing real-world enterprise needs,” said Michelle McCarthy, a Managing Director of Verizon Ventures. “Verizon’s 5G and MEC are instrumental in enabling wireless VR for multiple applications – especially in a quickly evolving workforce”.
Joe Michaels, Chief Revenue Officer of HaptX, is very excited about the new headquarters and its new hardware showroom.
“Customers will soon be able to experience current and next-generation HaptX products and meet the talented people who make them”.
