Varjo Technologies Oy. Varjo develops VR/XR solutions for B2B clients in demanding professional environments. The company’s virtual environments are as realistic as the real world, and its VR and XR headsets are comparable in precision to the human eye.
The world is three-dimensional, yet many work and training methods still rely on two- dimensional technology across various industries. Varjo aims to change this by developing the world’s most immersive VR/XR solutions for B2B clients in the most demanding industrial use cases.
Varjo’s virtual environments are as realistic as the real world, and its VR and XR headsets offer precision comparable to the human eye. Additionally, the company develops software to support the use of its devices and immersive cloud services, such as Teleport, which is designed for 3D reconstruction of spaces.
Varjo is at its best in demanding professional environments, including the following use cases:
- Cockpit training (e.g., aviation, industrial operations, maritime, and defense)
- Training in critical fields (e.g., astronauts, industrial facilities, and law enforcement)
- Product design reviews (e.g., designing cars and other high-value products)
- VR/XR-based research (e.g., medicine, behavioral science, and user interface research)
Approximately 25% of Fortune 100 companies are Varjo’s clients, in addition to which numerous Western governmental entities collaborate with the company
In the aviation and defense industries, Varjo already counts 19 of the 20 largest companies in the world as its clients. These include Lockheed Martin, Airbus, Boeing, and BAE Systems. The company’s clients also include the United States Army and the armed forces of several NATO countries. Among the largest companies in the automotive industry, 16 of the 20 biggest use Varjo’s solutions, including Volvo, Volkswagen, BMW, Rivian, Stellantis, Kia Motors, and General Motors.
The company’s strategic partners include NVIDIA, TCL, Inuitive, and Amazon Web Services.
Varjo’s investors include leading domestic and international backers such as Lifeline Ventures, EQT Ventures, Atomico, Tesi, Swisscanto, EIB, Foxconn, Volvo Cars Tech Fund, and Nordic Ninja.
Investment in 2024.