HaptX Completes $12 Million A-Round Financing

VR tactile glove manufacturer, HaptX, announced that it has completed a US$12 million A-1 round of financing invested by investors such as Verizon Ventures, Mason Avenue Investments, Taylor Frigon Capital Partners, Upheaval Investments. After completing this round of financing, HaptX's total financing reached 31 million US dollars. It is worth mentioning that HaptX headquarters will be moved to Redmond in the Greater Seattle area, and office and warehouse space will reach 15,000 square feet.

Jake Rubin, founder and CEO of HaptX, said 

“The new crown pneumonia epidemic has accelerated the adoption of VR and remote robots by enterprises. With the new headquarters, we are ready to expand the recruitment of employees to meet the ever-increasing market demand."

Michelle McCarthy, Managing Director of Verizon Ventures, said: "The highly immersive and realistic HaptX tactile gloves meet the needs of enterprises. In the fast-growing labor market, Verizon's 5G and MEC can provide assistance for the realization of wireless VR in a variety of applications. , We look forward to providing quality services to more companies and teams."

It is reported that in the next 12 months, HaptX will add dozens of new positions to the company's business operations. At the same time, with the first batch of VR tactile gloves sold out in less than 6 months, HaptX is stepping up the production of the second batch of products.

Author: VR Reporter

I am a hi-tech enthusiast, VR evangelist, and a Co-founder & Chief Director at Virtual Reality Reporter!

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