Skilled-grade VR headset maker Varjo has raised an additional $54 million in funding, and it attributes a superb quantity of its success to its new XR-1 headset.
Introduced as we speak, Varjo’s Sequence C spherical of funding was supported by the likes of Tesi, NordicNinja, and Swisscanto Make investments. Plus, the corporate has a brand new CEO – former COO Timo Toikkanen is taking up from Niko Eiden, who will proceed on as CXO and a board member.
This newest spherical of funding pushes the Finnish firm previous $100 million raised so far. Within the press launch, Varjo says it can use the funds to “speed up its world enlargement and growth of industry-leading hardware and software program merchandise.”
It’s been an eventful yr for Varjo, which has been eager to push out new hardware and options in opposition to rising demand for enterprise VR choices. In December, for instance, the corporate launched the XR-1, a $10,000 gadget that constructed on its ultra-high-resolution VR-2 headset with passthrough AR assist. Chatting with UploadVR, Toikkanen famous that demand for the gadget had been stronger than anticipated.
“XR-1 has generated curiosity method past what we initially thought – the world’s first photorealistic blended actuality gadget has began a brand new period for our clients for instance in superior pilot coaching and automotive design, the place digital and actual environments begin to mix seamlessly collectively,” he mentioned. “On the similar time now we have been lucky to have clients like Boeing to take our VR know-how to unseen heights with their Starliner astronaut coaching program, so there’s a number of innovation and thrilling buyer developments occurring in that area too.”
Varjo has additionally been asserting key partnerships, like a current collaboration with MeetinVR for a particular model of its VR collaboration app that helps its headsets. Toikkanen says to anticipate extra of those partnerships going ahead.
However what about new hardware? When requested about the opportunity of a VR-Three or XR-2, the CEO advised us “our groups are working tremendous onerous to implement new options for each our digital and blended actuality merchandise which are pushed by our buyer wants. A few of these price mentioning are the assist for visible markers, the power to control the video pass-through feed in actual time with completely different visible results and real-time chroma keying assist in blended actuality.”
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