Wearables technology firm StretchSense, which develops high-tech hand data capture gloves, has raised $2.3 million (£1.75 million) in a funding round led by PXN Ventures and supported by Scottish Enterprise as it pushes global expansion of its extended reality training glove for enterprise and government use.
The company said the investment will help scale its XR training glove, designed to let organizations immerse staff in simulated environments without traditional controllers, with haptic feedback intended to make training more lifelike and build muscle memory that translates to real-world skills. StretchSense said it is increasingly targeting verticals, including healthcare, education, aviation, and defense, while also continuing to serve gaming use cases and exploring licensing opportunities for consumer XR games.
StretchSense said it has now raised nearly $20 million across three external funding rounds. The financing comes as the broader virtual training and simulation market is projected to reach about $265 billion by 2030, according to the company.
StretchSense recently appointed Chris Chapman as chief executive officer. Chapman previously served as an investor director with the company and brings experience across the wearables technology and animation markets in the U.S., Europe and Asia. He also co-founded wearables business ElekSen, which was backed by Logitech and Siemens and later listed on London’s AIM market.
The company also recently named Philip Jamison as chief revenue officer. StretchSense said Jamison previously helped grow U.S.-based XR company Avantis Systems to more than $25 million in revenue while serving as vice president of sales and commercial operations.
StretchSense’s management, software and marketing teams are based in Edinburgh, with hardware and manufacturing operations in Auckland, New Zealand. The XR Train glove is manufactured by TPK, which is also a shareholder in StretchSense. The company said it maintains a satellite office in the Bay Area.
Looking into 2026, StretchSense said it plans to scale product and technology development to make XR training “physical as well as virtual,” aiming to improve learning outcomes for customers adopting immersive training programs.
KEY QUOTES:
“StretchSense gloves bridge the gap between human and machine interaction. When you put on our Reality gloves you step into the future, and explore new ways to interact with hands-on learning. And, we do this by removing controllers and their clunky interfaces from the equation.”
“The XR Train glove powers scalable, truly immersive training, delivering intuitive interaction, measurable outcomes, with deployment across enterprise and government environments.”
“With fresh investment, StretchSense is looking ahead to 2026 with the aim of scaling breakthroughs that will shape the next generation of XR training – making XR training physical as well as virtual for better learning experiences.”
Chris Chapman, CEO, StretchSense
“StretchSense is perfectly placed to become one of Scotland’s most successful technology businesses, with a global footprint aligned with significant market opportunities worldwide.”
Paul Atkinson, Chair, StretchSense
“We are pleased that PXN is able to continue the investment in StretchSense started by Par Equity, as the company is poised to expand in the burgeoning virtual reality training market. The appointments of Chris and Philip bring a global perspective and track record of delivery that will power StretchSense forward as it scales its industry leading glove technology.”
Paul Munn, Executive Chair, PXN Ventures
