Varjo Technologies, a Helsinki, Finland-based creator of hardware and software for VR/AR/XR computing devices, raised $8.2 in Series A funding.
The round was led by EQT Ventures, with participation from
– Lifeline Ventures Fund III Ky
– The Venture Reality Fund, LLC
– John Lindfors, Managing Partner of DST Global
– Foobar Technologies Ii ApS
– Presence Capital Fund I, L.P.
– Bragiel Bros I, LLC
– Sisu Game Ventures Oy
The company intends to use the funds to continue to expand its development efforts.
Led by Urho Konttori, CEO and founder, Varjo Technologies is creating hardware and software for VR/AR/XR computing devices, merging the real and digital worlds, by leveraging patented Bionic display technology that replicates how the human eye naturally works, creating a high-resolution image to the users gaze direction, further combined with video-see-through (VST) technology for enhanced AR/XR capabilities.
Codenamed “20|20” after perfect vision, Varjo’s prototype is based on technology created by a team of optical scientists, creatives and developers who formerly occupied top positions at Microsoft®, Nokia®, Intel®, Nvidia® and Rovio®.
This technology will be shipping in Varjo-branded products specifically for professional users and applications starting in late Q4, 2017. The final developer preview model will have an effective resolution of 70 MP and a 100° field-of-view.