Mojo Vision Raises an Additional $51M to Fund Smart Contact Lens Development – Road to VR
Mojo Imaginative and prescient Raises Further $45M to Put Good Contacts within the Eyes of Athletes – Highway to VR 8

Mojo Imaginative and prescient introduced it’s raised a further $45 million in its Collection B-1 funding spherical, one thing the corporate says will assist additional improvement of Mojo Lens, its early stage good contact lens.

Mojo Lens is ostensibly years away from commercialization, nonetheless the corporate introduced at CES 2022 that it’s taking a step ahead by partnering with various health manufacturers to discover how one can higher combine its good contact lenses into sports activities and coaching. Mojo Imaginative and prescient has partnered with Adidas Operating, Trailforks, Wearable X, Slopes and 18Birdies.

“We’re making essential progress in creating our good contact lens know-how, and we proceed to analysis and determine new market potential for this groundbreaking platform,” stated Steve Sinclair, SVP of product and advertising and marketing of Mojo Imaginative and prescient. “Our partnerships with these main manufacturers will give us worthwhile insights into consumer habits within the sports activities and health market. The objective is for these collaborations to ship athletes a completely new kind issue with efficiency information that’s extra accessible and helpful within the second.”

The corporate can also be at the moment working with the U.S. Meals and Drug Administration (FDA) by way of its Breakthrough Gadgets Program, a voluntary program for sure medical gadgets that present for more practical remedy or analysis of life-threatening or irreversibly debilitating ailments or situations.

Very like Elon Musk’s brain-computer interface (BCI) startup Neuralink, Mojo Imaginative and prescient sees early functions first concentrating on these bothered with bodily impairments; in Mojo’s case, it goals to make use of Mojo Lens to create enhanced picture overlays to alleviate sure visible impairments.

The contemporary Collection B-1 consists of investments from Amazon Alexa Fund, PTC, Edge Investments, HiJoJo Companions, and others. Mojo Imaginative and prescient’s current traders embrace NEA, Liberty International Ventures, Advantech Capital, AME Cloud Ventures, Dolby Household Ventures, Motorola Options, and Open Subject Capital.

This brings the corporate’s whole lifetime funding to $205 million.

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