AxonVR, a Seattle, WA-based virtual reality haptics company, secured $5.8M in seed funding.
The round was led by NetEase (NASDAQ:NTES), an Internet technology company in China, and Dawn Patrol Ventures, and includes former Twitter CEO Dick Costolo The Virtual Reality Company, Executive Vice President of Walt Disney Imagineering Jon Snoddy, Keeler Investment Group, and Digital Kitchen Founder and Chairman Paul Matthaeus.
The company intends to use the funds to deliver HaptX technology to its first enterprise partners.
Founded in 2012 by CEO Jake Rubin and Lead Engineer Dr. Robert Crockett, AxonVR aims to bring virtual worlds to life through realistic touch. Its HaptX™ Platform is a haptic textile that simulates lifelike touch, allowing users to feel the physical properties of virtual objects bringing the sense of touch to any surface. The lightweight, flexible material can be applied to wearables and other form factors with enterprise uses in location-based entertainment, training and simulation, and design and manufacturing.
The company, which also has offices in San Luis Obispo, CA, had raised a $1.2M friends and family round in 2014.