INSUBCONTINENT EXCLUSIVE:
A company building a very high-tech glove has just gotten its hands on some new money.HaptX is building a sensor-packed glove for VR and
robotics applications that simulates haptic and resistance feedback for enterprise users.The Seattle startup has raised $12 million in new
funding from Mason Avenue Investments, Taylor Frigon Capital Partners, Upheaval Investments, Votiv Capital, Keiretsu Forum, Keiretsu
Capital, NetEase and Amit Kapur of Dawn Patrol Ventures
HaptX has now raised $19 million to date.The company says this funding will go toward the company’s next generation of glove hardware.I
got a chance to demo the company’s glove last year and there are certainly some bizarre experiences that are enabled by the product, which
uses an external pneumatic box to expand and contract air pockets inside a glove form factor to make it feel like the virtual object
you’re holding onto in VR is actually in your hand.Needless to say at this point, the virtual reality industry’s consumer ambitions
haven’t quite panned out as expected
The enterprise space has found slightly more enduring success, though much of the enterprise use hasn’t expanded too far beyond
“internal innovation hubs” and pilot programs
HaptX seems to have zeroed in on the same enterprise customer base as other VR startups, with a lot of its customers using the gloves in
design and visualization processes
HaptX has moved away from marketing itself as a VR-only company and has expanded into robotics, reshaping its offering into a solution
framed by real-world input and real-world output.Alongside the funding announcement, HaptX is sharing that it has partnered with Advanced
Input Systems to collaborate on “product development, manufacturing, and go-to-market.”The company is focused on enterprise and
unfortunately doesn’t seem to be building a mech suit for Jeff Bezos, although they sent me a great gif of him demoing the technology
earlier this year at a conference.
