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Varjo Secures $8.2M Series A Funding

Date Type Companies involved Size
October 2nd, 2017 investment Varjo Technologies $8.2m
Varjo Secures $8.2M Series A Funding

Finland’s Varjo has just closed an $8.2M Series A funding round from European funds and private investors, led by The EQT Ventures Fund

The Varjo “20|20" Prototype features patented Bionic display technology that replicates how the human eye naturally works, creating a super-high-resolution image to the users gaze direction. This is further combined with video-see-through (VST) technology for unparalleled AR/XR capabilities.

We wrote about Varjo when the company came out of stealth in June, with claims of, ‘Resolution 70 times higher than any currently shipping or announced HMD’.

 

From Start-Up To Best In Class

Urho Konttori, CEO and founder of Varjo Technologies said, “Varjo is fast growing from a start-up to a best-in-class global supplier of VR/AR headsets. We are now moving past research into the development stage.”

Ted Persson, Design Partner investment advisor to EQT Ventures said, “It wasn’t until the EQT Ventures team tried an early Varjo prototype and experienced its human-eye resolution that we realised how flawed many of today’s VR and AR platforms are. Suddenly, we could see every single detail and even read the text. The team realized that this had the potential to be really transformative.

"Varjo’s enterprise strategy really stands out. While the mass consumer adoption of VR is taking a bit longer than anticipated, Varjo is serving the professional markets, where there’s huge demand already now.”

 

Varjo intends to start shipping hardware for professional users and applications by the end of the year.


Editor

Steve has been a games journalist on and off since the first PlayStation made games ‘cool’, but he’s never forgotten the thrill of finding a Space Invaders machine in the wild. Neuromancer is one of his favourite books and The Matrix is one of his favourite movies, so he’s been ready for VR all his life.

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