Leap Motion Raises $30 Million In Series B Funding, Signs Deal With Asus

Posted Jan 3, 2013

Leap Motion has announced today that they have raised $30 million in Series B funding.  Leap Motion co-founder and CEO Michael Buckwald said that the company will be shipping a gesture-based controller in Q1 of this year.  The company also signed a partnership with Asus.  Asus is expected to bundle the Leap Motion controller with All-In-One PCs and high-end notebooks.  The company will have other bundling partnerships to announce soon.  ?That?s a huge part of our distribution strategy.?

Leap Motion believes that they can make PCs appealing again.  Leap enables PC users to interact with applications using their fingers or hands like music editing software.  Over 40,000 developers have signed up to create Leap Motion applications and 12,000 developer units of the controller have been shipped.

Leap President and COO Andy Miller believes that he is seeing a mix between existing apps adding gesture-based controls apps built specifically for Leap Motion.  ?As [the Leap Motion] app store matures, we?ll start to see the ratio shift towards apps that are built from the ground up, that are created and designed with this in mind,? stated Miller in an interview with TechCrunch.  This round of funding was provided by existing investors like Founders Fund and Highland Capital Partners.