SOURCE: Leap Motion

Leap Motion

May 09, 2012 08:00 ET

Leap Motion Announces $12.75 Million Series A Funding Round Led by Highland Capital Partners

3D Motion-Control Start-Up Aims to Revolutionize Personal Computer Interaction

SAN FRANCISCO, CA--(Marketwire - May 9, 2012) - Leap Motion, a San Francisco-based motion-control software company changing the future of human/computer interaction, today announced a $12.75 million Series A funding round led by Highland Capital Partners with participation from existing investors. Leap Motion has been operating in stealth mode as OcuSpec since 2010.

"The investment from Highland Capital Partners will allow us to bring to market the technology we've spent the past two years perfecting," said Michael Buckwald, Leap Motion co-founder and CEO. "Our 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."

The Series A funding, combined with previous seed funding from venture capital firms including Andreessen Horowitz, Founders Fund, and angel investors Brian McClendon, Bill Warner and Max Woon, brings Leap Motion's total funding to $14.55 million.

"Mathematical breakthroughs made by Leap Motion's founders have uniquely positioned this company to make the next giant leap forward in computing," said Andy Miller, general partner at Highland Capital Partners. "We're always looking for companies doing groundbreaking things in technology, and Leap Motion is a shining example of truly innovative work. This technology will change how we interact with computers on a daily basis."

About Leap Motion
Based in San Francisco, Leap Motion is a motion-control software and hardware company developing the world's most powerful and sensitive 3D motion-control and motion-sensing technology. Founded in 2010 by Michael Buckwald and David Holz, the company has raised $14.55 million to date.

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