Finnish Doublepoint raises €3M for its gesture recognition technology
The Helsinki-based company Doublepoint that offers the technology for detecting touch-based microgestures, surface interactions and more, has raised €3 million round. The funding came from FOV Ventures, Superangel VC, Superhero Capital, Business Finland, and angels.
- Founded in 2020 by Jamin Hu and Ohto Pentikäinen, Doublepoint develops software to turn smartwatches into next generation gesture input devices for Augmented Reality, consumer electronics, and more. This is all accomplished using generic smartwatch sensors and minimal compute cycles from an embedded central processing unit and inertial measurement unit to detect movement.
- Doublepoint will official show off its technology at Augmented World Expo USA 2023, which runs from May 31 to June 2 in Santa Clara, California. The startup has a total of 11 employees situated in Finland, Sweden, Germany, and the UK.
- The investment was co-led by:
- FOV Ventures, Helsinki-based VC fund investing at pre-seed and seed stage in founders building the Metaverse.
- Estonian SuperAngel.Fund, an early stage fund that invests in consumer (CPG, eComm SaaS), prop tech & future of work in the Baltics and Nordics.
- Superhero Capital, Finnish VC seed stage VC investing in insight-driven startups from Finland and the Baltics.
- With the fresh funding, Doublepoint plans to integrate its gesture recognition technology into consumer electronics gear and other hardware.