EECS 441 Company ProfileFall 2013

Presentation by:

Jill Bender

Products• Leap Motion Controller

$79.99 – Best Buy Two cameras and

3 infrared LEDs Comes with software for Mac/PC

• Airspace Leap Motion App Store

Financial InfoTotal 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

• May 2012 announcefor pre-orders

• Originally set to ship in December 2012

• Finally released units July 19, 2013

• 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.

• Figured out accurate natural movement tracking

• “Mold pixels as easily as clay”

Competition• Kinect – Microsoft

• AirStrike – LM3LABS Senses up to 3 meters away

Prediction• It will succeed….if focusing on utilitykeep Innovating

•Markets: entertainment, control, biometrics, security, …?