Oblong Industries, the Los Angeles-based developer of spatial, immersive, and gesture-enabled technologies, announced Tuesday that the company raised a total of $65 million during its expansion funding round thanks to investments from new and existing investors.

With the new investment, the company can now accelerate operations in product development, market-redefining innovations, and expand into new territories.

Greenspring Associates, a firm that focuses on companies in expansion stage, Industry Ventures, and UTIMCO, the investment arm of the University of Texas, are among the new investors. Existing partners Morgan Stanley and Foundry Group continued to participate in this funding round.

John Underkoffler, chief executive of Oblong Industries called the investment, “a validation of Oblong’s vision and growth potential.”

The company’s customers include NASA, PricewaterhouseCoopers, and IBM.