Leap Motion raises $50 million for key component of VR’s growth: hand-tracking tech

Leap Motion has raised $50 million for its virtual reality hand-tracking technology.

J.P. Morgan Asset Management led the round. It’s a big vote of confidence in the next generation of VR, as Leap Motion makes sensors that can detect your hand and finger motions in the real world and then translates them into the virtual world. VR is expected to be a $25 billion market by 2021, according to tech adviser Digi-Capital.