Ultraleap Undergoing Significant Changes: Selling Hand Tracking Technology, Retaining Haptics Projects

Ultraleap, a company renowned for its innovative hand tracking technology, is currently undergoing significant changes. The company has recently laid off half of its employees and plans to sell its impressive hand tracking technology. However, Ultraleap will still retain its haptics projects and establish a new company focused on them. The new company will be owned by the existing shareholders of Ultraleap.

These unexpected changes have come as a surprise to many, especially since Ultraleap launched its latest hand tracking technology called Hyperion just a short time ago. The DPVR E4 Arc headset, which is powered by Ultraleap’s hand tracking technology, was also recently released. Despite this development, there have been no major breakthroughs in the field of XR (Extended Reality) technology.

However, the decision to sell the hand tracking technology has sparked curiosity about what lies ahead for Ultraleap’s haptics research projects. The new company centered around haptics research signals that Ultraleap may have had a significant breakthrough in this area. While there is no confirmation yet about the details of Ultraleap’s business restructuring or the layoffs, one thing is clear: something positive will emerge from these changes.

Many are eager to see Ultraleap’s haptics technology integrated into mainstream consumer VR headsets. With skilled professionals now available in the job market due to layoffs, there is optimism that new opportunities will arise in the near future for those affected by these changes at Ultraleap.

In conclusion, while it may seem daunting to face such significant changes within a company like Ultraleap, there is hope that something positive will emerge from this restructuring process. The pool of talented professionals who are now available in the job market may bring valuable contributions to the industry and pave the way for new opportunities in XR technology.