US-based haptic technology developer HaptX has received $12m in series A funding from investors including internet technology provider NetEase.
The corporate was joined in the round by Dawn Patrol Ventures, Mason Avenue Investments, Taylor Frigon Capital Partners, Upheaval Investments, Votiv Capital, Keiretsu Forum and Keiretsu Capital.
Formerly known as AxonVR, HaptX has developed haptic technology that uses microfluidic technology to create gloves that enable wearers to feel the shape, weight and movement of objects in virtual reality. It will put the funding into increasing production of its technology.
The round was revealed alongside a strategic partnership with user-interface technology producer Advanced Input Systems that will take in product development, manufacturing and go-to-market work.
The company raised $1.2m from friends and family in 2014 before NetEase led a $5.8m seed round in 2016 that included virtual reality content producer Virtual Reality Company, Dawn Patrol Ventures and angel investors including Jon Snoddy.
