Ultraleap, the extended reality startup backed by Tencent, is considering selling off parts of the business after breaching the terms of a £15m loan, casting doubt on the company’s future.
News
January 9, 2025
Tencent-backed XR startup Ultraleap looks to sell assets after breaching £15m loan
The move comes after a tumultuous year for the company that saw it make layoffs as it slashed spending amid falling revenue and rising losses
3 min read
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Kai Nicol-Schwarz was a senior reporter at Sifted. He covered AI and UK tech.

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