Varjo, the Helsinki, Finland-based creators of excessive pixel density VR/AR headsets for enterprise, immediately introduced it’s closed a $54 million Collection C funding spherical. The corporate says it’ll use the funds to speed up the worldwide enlargement and growth of its XR hardware and software program merchandise.
Traders embody Tesi, NordicNinja, Swisscanto Make investments by Zürcher Kantonalbank, Lifeline Ventures, Atomico, EQT Ventures and Volvo Automobiles Tech Fund.
The Collection C financing brings the corporate’s general whole funds to $100 million to this point.
Along with the most recent funding spherical, the corporate’s COO, Timo Toikkanen, will likely be main Varjo as CEO. Co-founder and former CEO, Niko Eiden, will likely be persevering with as CXO and as a board member.
“We’re seeing super demand for digital and combined actuality use circumstances, notably as a lot of the world continues to work remotely,” stated Toikkanen. “Once you mix the photorealistic decision and correct, built-in eye monitoring present in our gadgets with the broad software program compatibility we provide, the probabilities for creating, coaching and operating analysis in immersive environments are countless. With assist from our rising group of buyers, we sit up for scaling our operations and delivering the cutting-edge know-how our prospects want to rework the best way they work.”
Varjo is understood for its enterprise-level “human-eye decision” VR/AR headsets, together with the XR-1 Developer Version, VR-2 and VR-2 Professional. Corporations akin to Volvo Automobiles, Boeing, Audi, and Siemens use Varjo headsets for industrial purposes together with coaching and simulation, design and engineering, and analysis and growth.
Since its founding in 2016, Varjo has expanded its world operations and reseller community to over 40 international locations in North America, Europe, the Center East, and Asia Pacific, with the launch of gross sales and direct delivery to markets akin to Singapore, Israel, South Korea, Australia and New Zealand.
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