Varjo
Varjo, which stands for "shadow" in Finnish, is working on a technology that would bring to market the world's first human-eye resolution VR / XR product. It is dubbed the world's first VR / XR hardware and software product specifically aimed at industrial use, with the power to transform work in complex and design-driven industries including simulation and training, architecture, automotive, aerospace, healthcare, manufacturing, engineering and construction, and industrial design — where extreme precision and visual fidelity are paramount. The headset, which Bionic Display has an effective resolution of 50 megapixels per eye, can be integrated with the world's most popular 3D engines and software tools.Select partners: Acer, MeetinVR, Tampere University, OpenBCI, Osgenic, Laerdal, HP, NVIDIA, Lenovo, Alpine Esports.
Select clients: Volvo Cars, Boeing, Audi, Siemens, Saab, Lilium, Airbus, Volkswagen, KIA, Lockheed Martin.
Founded 2016
Employees 150+
Sections Device Maker
Technologies Extended Reality
Funding 💰
Total $162.5M
Select investors Atomico, Business Finland, Lifeline Ventures, Foxconn Technology Group, Bragiel Brothers, Volvo Cars Tech Fund, European Investment Bank, EQT Life Sciences, NordicNinja
Key people 🧑🤝🧑
- Timo Toikkanen - CEO
- Urho Konttori - Founder & CTO
- Matti Nylander - CFO
- Mikko Luhtava - CMO
- Seppo Aaltonen - Chief Commercial Officer
- Tristan Cotter - GM, Americas
Highlights ⭐
- Amazing product: Varjo makes what are considered to be the best VR/AR headsets in the industry.
- Clients galore: The company has managed to get some of the world's biggest companies as customers.
- Global reach: Varjo's reseller network spans more than 40 countries in North America, Europe, the Middle East and Asia Pacific. 🔗
- Media love: Varjo has been featured in many major publications, including Forbes, Fast Company, The Economist, BBC, CNet, Venture Beat, Gizmodo, The Verge, MIT Technology Review, TechCrunch, Wired, and others. 🔗
- Improving healthcare: Together with its partners, Varjo is helping train future surgeons, prepare and organize complex surgeries. 🔗
Video ▶️
In the news 📰
Awards & Recognitions 🏆
Quotes 💬
“
Varjo has established itself as a proven industry leader, as evidenced by its ability to continually push the boundaries of virtual and mixed reality and support the most demanding enterprise applications across industries. With their history of breathtaking product innovation, a strong and experienced team and increasing market demand, we are excited to be on board on their journey of revolutionizing computing for all.
— Keith Bonnici, Investment Director at Tesi 🔗
“
We were early seed investors in Varjo and believed in their vision for how immersive computing could transform the way professionals work from the very beginning. In less than four years, Varjo has delivered both industry-leading hardware and software to the market. We are thrilled to be participating in this latest funding round as the company continues to scale and deliver an ecosystem capable of bringing enterprise XR adoption mainstream.
— Petteri Koponen, founding partner at Lifeline Ventures and Varjo's chairman of the board 🔗
“
We can simulate a pedestrian or an animal walking out in front of the car, and you can use the sensors in the headset to track the eye movements of the person wearing the device. This type of technology can help us learn a lot more about how to make our products safer and more user-friendly.
— Zaki Fasihuddin, head of Volvo Cars Tech Fund 🔗
“
Decisions are the daily challenge in a product development process. Supporting virtual development means to deliver the highest available quality to enable reliable decisions. Varjo's technology is convincing and will help us to close the existing gaps and speed up our development cycles using the advantages of a continuous virtual process.
— Jan Pflueger, Coordination Augmented and Virtual Reality Center Of Competence at Audi 🔗
“
Until we met Varjo's visionary founders and experienced their superior product firsthand, we thought that VR was still at least 10 years away from being truly useful for professionals. It's because of Varjo's world-class team that industries such as automotive, engineering, aerospace, architecture, construction, industrial design, and real-world training simulations won't have to wait that long to be able to utilize the technology for their business-critical use cases.
— Atomico Founding Partner and CEO, Niklas Zennström 🔗
“
By partnering with Varjo to deliver a solution that allows surgeons to train for complex open surgeries in human-eye resolution VR, Osgenic aims to reduce open surgical complications saving patients pain and suffering and saving hospitals and insurance providers in costs.
— Dr. Arne Schlenzka, a training surgeon and the founder and CEO of Osgenic 🔗
Last update: June 4, 2023
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