Varjo announces additional funding of $6.7M from Tekes, beta launch of its VR/XR bionic display for 2018.

Finland 30 November 2017

Varjo, a Helsinki, Finland-based company creating hardware and software for VR/AR/XR computing devices, announced getting an additional investment of $6.7M from Tekes, the Finnish funding agency for innovation.

The money comes shortly after getting a $8.2M Series A investment funding round from investors including EQT Ventures, Lifeline or Sisu Games.

Varjo, founded in 2015 by CEO Urho Konttori, has developed bionic display technology that replicates how the human eye naturally works, creating a super-high-resolution image to the users gaze direction.

The company has made its first public demonstration at Slush 2017 and announced starting to work with global brands including 20th Century Fox, Airbus, Audi, BMW, Technicolor and Volkswagen to optimize the company’s human-eye resolution VR/XR Bionic Display for their respective business sectors. According to the company, Varjo will start shipping a beta version of its product in the first part of 2018.

Total investments received (USD): 99.9M