Ultraleap is laying off staff and selling its hand tracking technology

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Reserve your Z Fold 6 or Z Flip 6 now and get $50 of instant Samsung credit and a chance to win $5,000!Ultraleap, the company behind the Leap Motion 2 hand tracking controller, is undergoing a massive restructuring. Not only is the company laying off half of its staff, it’s also planning to sell its impressive hand tracking technology. Ultraleap will retain its haptics projects and make a new company centered around them. This new company will be owned by the existing shareholders of Ultraleap.

The company was known for its stellar innovations in the hand tracking space. To learn that it’s selling that tech is shocking to me. But if it’s making an entirely new company around its haptics research, it might have had a breakthrough in that.So, what are these haptics Ultraleap has been working on? This tech is actually something the company was known for even before its rebranding to Ultraleap. The concept aims to provide tactile feedback to a user’s hands and fingers while midair.

This decision has not been taken lightly, but it is necessary for us to adapt our business to better serve our market and our customers.

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