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, …?