The Finnish company Varjo, who is dedicated to developing ultra-high-fidelity mixed-reality heads, announced that they have completed a round of financing of $8.2 million and plan to launch the first development kit. This round of financing was led by EQT Ventures, Lifeline Ventures, the Venture Reality Fund and Presence Capital. It is understood that this investment will be used to increase the Varjo team, expand the marketing plan, and continue to develop the development.
Urjo Konttori, Varjo’s executive director, said: “Simply speaking, we were looking for funding for product development and some of the custom components we had to build to achieve a significant increase in equipment quality.â€
Contori said that while current VR heads are good enough for games, they do not provide enough fidelity to handle high-precision graphics. Varjo hopes to solve this problem by using a high-resolution OLED display + a low resolution display panel. They mainly let the display move around the user's field of view and keep in line with the point of gaze, to deceive the user's eyes that they see a higher resolution image, that is, the system will move the high-resolution small display along with the movement of the user's eyes. Doing this allows the brain to think that it sees higher resolution images.
Konttori pointed out that the development of the first developer version is continuing as planned, and they are expected to announce concrete progress at the Slush conference in Helsinki next month.
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