Ultraleap is a UK-based deep-tech company specializing in mid-air haptics (using focused ultrasound to deliver tactile sensations without physical contact) and optical hand tracking for AR/VR/XR, automotive, digital out-of-home, and industrial applications. The company was formed in 2019 when Ultrahaptics (a 2013 University of Bristol spinout founded by Tom Carter, Benjamin Long, and Sriram Subramanian) acquired Leap Motion, the pioneering US hand-tracking company, and rebranded the combined entity as Ultraleap. Its products include the Leap Motion Controller 2, Stereo IR 170 camera modules, Gemini hand-tracking software, and STRATOS mid-air haptic modules. In November 2025, Ultraleap was acquired by music technology company ROLI, with its haptics and XR patent portfolio sold separately to SIM IP and exclusively licensed back to ROLI; Co-founder and CEO Tom Carter joined ROLI as CTO and board member.
Ultraleap has been acquired
This company is no longer available on our private secondary market.
Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Founded
2013
Employees
51–200
Total Funding
$165.4M
5 rounds
Total raised $165.4M across 5 rounds
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Last updated 06-25-2026
Latest Round
Type
Series D
Date
November 2021
Amount
$82M
Valuation
—
Lead Investors
| Date | Round | Amount Raised | Valuation | Lead Investors |
|---|---|---|---|---|
| November 2021 | Series D | $82M | — | Not disclosed |
| November 2018 | Series C | $44.8M | — | Mayfair Equity Partners |
| 2017 | Series B | $23M | — | Not disclosed |
Tom Carter
Co-Founder & CEO (became CTO of ROLI post-acquisition, Nov 2025)
Steve Cliffe
Former CEO (retired; predecessor to Tom Carter)
Competitor list is illustrative and may be incomplete, stale, or erroneous.
Meta (Reality Labs)
Meta develops first-party inside-out hand tracking on Quest headsets, directly competing with Ultraleap's hand-tracking offering for XR headset OEMs.
Qualcomm (Clay AIR)
Qualcomm acquired hand-tracking firm Clay AIR and integrates hand-tracking into its Snapdragon XR reference platforms used by competing headset makers.
Emerge
US startup developing ultrasound-based mid-air haptics for social VR and metaverse touch experiences, the closest pure-play competitor to Ultraleap's haptics business.
bHaptics
South Korean haptics company producing wearable vibrotactile haptic suits, vests, and gloves for VR, competing with Ultraleap on tactile feedback (though via contact rather than mid-air).
HaptX
US haptic glove maker offering microfluidic tactile feedback gloves used for enterprise VR training; competes with Ultraleap on high-fidelity touch in XR.
Apple (Vision Pro)
Apple's Vision Pro uses proprietary inside-out hand and eye tracking, defining the high end of natural-input XR interfaces that competes with Ultraleap's hand-tracking platform.
Access live market data
Sign UpData collected with AI, which can make mistakes. Please double-check this information.