Volvo Cars Tech Fund made an investment in Varjo.

Finland Sweden Investments 28 May 2019
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Varjo, a Helsinki, Finland-based company developing VR / XR hardware and software products, announced that it received a financial investment from Volvo Cars, the Swedish car manufacturer.

The funding was made through Volvo Cars Tech Fund and is part of a larger partnership involving the use of Varjo's virtual and augmented reality technology in Volvo's development work.

Specifically Volvo aims to use Varjo’s XR-1 developer edition headset that allows video viewing of what is going on in the outside world through cameras attached to the headset and thusly enable safe driving as it can provide visual alerts, using computer graphics to highlight hazards on the road.

Varjo, founded in 2015 by CEO Urho Konttori, is working on the development of an industrial-grade VR / XR headset that allows professionals, in sectors from aerospace to architecture, to work in human eye-resolution virtual or mixed reality when designing new products. The headset can be integrated with the world’s most popular 3D engines and software tools.

Varjo is backed by notable Nordic venture capital firms, having raised about $45M to date.