Date post: | 02-Dec-2014 |
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Economy & Finance |
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EECS 441 Company ProfileFall 2013
Presentation by:
Jill Bender
Products• Leap Motion Controller
$79.99 – Best Buy Two cameras and
3 infrared LEDs Hemispherical area about 1
meter Comes with software for Mac/PC
• Airspace Leap Motion App Store
Financial Info
• Additional $25M to fund startups on the platform Highland Capital Partners
• Leap makes 30% of the purchase of an app
Similar to Apple store
Total Funding $44.1M
Seed, 6/11 Andreessen HorowitzFounders FundBrian McClendonBill WarnerSOSventures
$1.3M
Series A, 5/12 Highland Capital Partners
$12.8M
Series B, 1/13 Founders FundHighland Capital Partners
$30M
History• Founded in 2010 as OcuSpec
Co-Founders: David Holz and Michael Buckwald
• Stayed under the radar until May 2012 announcement for pre-orders
• Originally set to ship in December 2012, then May 2013, then July 2013
• Finally released units July 19, 2013
• 26,000 requests for dev devices 10,000 dispersed
• 600,000 devices ready to ship
What’s hot?Big name apps moving to platform
Partner ships announced:• ASUS
“They, like us, believe this will revolutionize interaction on the PC platform” – Michael Buckwald.
• HP laptops with Leap Motion$1049.99
Secret SauceA new frontier of interaction
Story• Started with co-founder David and 3D
modeling.
• Why was it HARDER to do modeling on the computer vs. paper?
• Figured out accurate natural movement tracking
• “Mold pixels as easily as clay”
Competition• Kinect – Microsoft
• AirStrike – LM3LABS Senses up to 3 meters away
Prediction• If they continue to innovate and improve the mechanics it will succeed
•Need to get rid of the “novelty” and start focusing on utility
•Markets: entertainment, control, biometrics, security, …?