Photorealistic VR firm tops $100m backing: Page 2 of 2

August 17, 2020 // By Nick Flaherty
Photorealistic VR firm tops $100m backing
Varjo in Helsinki has raised over $100m from Volvo Cars and other investors for its photorealistic VR technology following a $54m investment round

strong and experienced team and increasing market demand, we are excited to be on board on their journey of revolutionizing computing for all.”

“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,” said Petteri Koponen, founding partner at Lifeline Ventures and Varjo’s chairman of the board. “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.”

Toikkanen, previously president and COO, took over as the new CEO from co-founder Niko Eiden, who will continue to drive the company’s technological innovations as CXO and a board member. 

www.varjo.com

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