EXCLUSIVE:
Varjo, a Finnish company that’s working on an ultra-high-fidelity mixed reality headset, announced today that it raised an $8.2 million round of series A financing to propel its business towards the launch of its first developer kits.
EQT Ventures led the round, with participation from other firms including Lifeline Ventures, the Venture Reality Fund, and Presence Capital. The funding will be used to build out the Varjo team, expand its marketing program and continue funding development of its headset.
“Simply put, we were looking to fund our product R&D and a few custom components that must be built to reach crucial improvements in the device quality,” Varjo CEO Urho Konttori said in an email to VentureBeat.
Varjo’s headset is designed to be roughly the same size and shape of a traditional virtual reality headset, but provide human-eye resolution for a higher quality image. In addition, the system is designed to let users view the world around them using a camera works by moving a small, high-resolution display around a wearer’s field of view in time with their eye movements. Doing so tricks the brain into thinking that it’s seeing a much higher resolution image.
If Varjo can pull it off, that headset should provide users with a higher quality viewing experience than what’s currently available on the market from other headsets without its technology.
According to Konttori, progress on the developer edition of the headset continues as planned, and the company expects to make an announcement about its progress at the Slush conference in Helsinki next month.
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