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Meta Unveils Its Prototype Haptic Gloves For Virtual Reality

The gloves are capable of simulating complex sensations to provide their wearer with natural feedback when interacting with virtual objects.

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meta unveils its prototype haptic gloves for virtual reality
Meta Reality Labs Research

Meta — formerly Facebook — is trying to create what it describes as an embodied version of the internet, and it’s working hard on many individual pieces that are supposed to enable users to interact with it. Recently, a team at Reality Labs (RL) Research has unveiled a prototype of virtual reality haptic gloves capable of simulating complex sensations to provide their wearer with natural feedback when interacting with virtual objects.

The gloves use arrays of microfluidic actuators driven by the world’s first high-speed microfluidic processor to achieve millisecond response times while keeping power consumption minimal — something that’s extremely important for any wearable hardware device.

meta haptic glove lab testing

Once ready for release, the gloves could be used to support many virtual reality use cases. “The value of hands to solving the interaction problem in AR and VR is immense” explained RL Research Director Sean Keller. “We use our hands to communicate with others, to learn about the world, and to take action within it. We can take advantage of a lifetime of motor learning if we can bring full hand presence into AR and VR”.

Unfortunately, a lot of work still needs to be done for the technology to leave the research lab where it’s being developed. According to Keller, the team has made groundbreaking progress across multiple scientific and engineering disciplines, but the light at the end of the tunnel is only starting to become visible.

Also Read: A Beginner’s Guide To Getting Started With NFTs

Meta isn’t the only company working on haptic gloves for virtual reality. There’s also HaptX, whose founder and CEO Jake Rubin has accused Meta of copying its patented designs. In an official statement, the company claims that Meta’s gloves appear to be substantially identical to HaptX’s patented technology.

“We welcome interest and competition in the field of microfluidic haptics; however, competition must be fair for the industry to thrive” said Rubin. Meta has yet to respond to the accusation, so stay tuned for updates.

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Mamo Completes $3.4M Funding Round To Enhance Fintech Services

The startup will use the influx of cash to expand into Saudi Arabia and across the wider GCC while improving its product offering.

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mamo completes $3.4 million funding round to enhance fintech services
Mamo

UAE-based fintech Mamo has announced the completion of a $3.4 million funding round that will help the startup extend its market presence and improve its product offering. Investors included 4DX Ventures, the Dubai Future District Fund and Cyfr Capital.

Mamo’s platform offers “payment collection, corporate cards and expense management” to help small and medium-sized businesses consolidate and streamline their operations. With the latest influx of capital, Mamo will further develop its comprehensive suite of services and begin testing its product lines in Saudi Arabia, further extending its footprint across the GCC.

Imad Gharazeddine, co-founder and CEO of Mamo, stated: “We’ve been in the market for a while now and are incredibly proud of what our team has achieved. The holistic and expansive nature of our product offering has helped us continue to grow sustainably. This additional funding will allow us to reach our medium-term goals even faster. The support from new and existing investors is a testament to our strong expertise and the ability to deliver on our customer promise”.

Daniel Marlo, General Partner of lead investor 4DX Ventures, added: “We have immense trust in Imad’s vision, leadership and Mamo’s innovative approach to provide a user-friendly and comprehensive financial solution for SMEs that makes financial management more accessible and efficient. We are proud to partner with them and support their mission”.

Also Read: A Guide To Digital Payment Methods In The Middle East

Amer Fatayer, Managing Director of Dubai Future District Fund’s investment team, also commented: “Mamo’s localized product lines serve as an infrastructure for SME payments and spend management in UAE, a segment that is underserved by the country’s current banking infrastructure. The team has taken a product-first approach to consolidating SMEs’ financial journeys and building a fintech solution deeply embedded in a business’s core operations”.

To date, Mamo has raised around $13 million in investment funding and now boasts a team of 30 people. The company’s intuitive financial services platform has allowed over 1,000 businesses to consolidate their financial operations and significantly reduce payment fees.

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