Ultrahaptics raise £35m for expansion plans

Funding | Growth | South West | Technology

Ultrahaptics, the Bristol-based world leader in mid-air touch technology, have announced that it has completed a £35m Series C round of investment.

The funding will enable Ultrahaptics to further develop and commercialise its haptic technology. Mayfair Equity Partners led the funding round.

Founded in 2013 and based on technology developed at the University of Bristol, Ultrahaptics’ core technology uses proprietary algorithms and supporting hardware to project ultrasound-driven tactile sensations in mid-air. Users can ‘feel’ and interact with virtual objects and controls, using freehand gestures to interface with technology and content.

Commenting on the round, Ultrahaptics CEO, Steve Cliffe, said: “We’re delighted to welcome major new investor Mayfair, while receiving further endorsement and support from our existing shareholders for the company’s exciting next phase of development. Our funding has become ever more global, reflecting the potential of our technology in industry sectors and markets all over the world.”

Daniel Sasaki, Managing Partner of Mayfair Equity Partners, said: “The potential for mid-air haptics systems within immersive infotainment systems and human-machine interfaces is very compelling and exciting. We look forward to supporting the Ultrahaptics team in their journey to become the global platform enabling mid-air haptics.”

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