StretchSense raises £6.9m in Series A funding led by Par Equity to establish an Edinburgh hub.
The Series A round was led by Par Equity to help fund a new Edinburgh centre of excellence.
StretchSense manufactures advanced motion capture gloves for the gaming and virtual reality sectors. The firm combines proprietary sensor hardware with machine learning to track hand movements accurately.
Motion capture glove manufacturer StretchSense has secured £6.9m in a Series A funding round led by Par Equity, with additional participation from GD1 and Scottish Enterprise.
The capital will be used to establish a new centre of excellence in Edinburgh dedicated to artificial intelligence and spatial computing research. StretchSense currently serves over 200 games studios worldwide and intends to expand its presence in virtual reality markets.
The investment marks a significant employment boost for the Scottish capital as the New Zealand-founded firm scales its engineering and product development operations.
Use of funds
- 01Expand into international markets
- 02Fund research and development
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About the company
StretchSense
StretchSense develops high-accuracy motion capture gloves for virtual reality and gaming.