On Slush 2017, Helsinki-based Varjo Technologies announced today that Tekes, the Finnish business development group, has invested an additional $6.7 million to continue the development of "eye-resolution" VR head-mounted displays. The company also announced that they will send their first prototypes of Alpha to some development partners by the end of the year.
Varjo Technologies recently completed a round of $8.2 million round A financing under the leadership of the EQT Ventures Fund, which was refreshed by the $6.7 million from Tekes.
Varjo's latest development partners include: 20th Century Fox, Airbus, Audi, BMW and Technicolor, who will help the company optimize its "human-eye resolution" display for further development. The company said that the prototype will be sent to new and old partners in the first quarter of 2018.
Urho Konttori, CEO and founder of Varjo Technologies, said that the company plans to introduce “a revolutionary VR/XR head-display†by the end of 2018.
This news is consistent with the company’s initial public demonstration of technology this week at the kick-off meeting Slush 2017, held annually in Helsinki. It is worth noting that Varjo's booth has some important visitors: Prince William and Duke of Cambridge.
What's special about the 'Bionic' monitor is that it has two monitors per eye: a 1080 x 1200 resolution "environment" monitor, and a smaller 1920 x 1080 resolution microdisplay. Since the head has an eye-tracking function, the micro-display image can move with the natural sweep of the eye. In fact, this makes its perceived resolution much higher than the standard fixed display in the Oculus Rift or HTC Vive devices.
As for position tracking, Varjo's Alpha Prototype is consistent with SteamVR Lighthous' tracking standards.
Varjo is working closely with NVIDIA and AMD to “provide the best VR/XR experience for partners.†The Varjo prototype also comes with Unreal and Unity plug-ins to support content creation.
Konttor said: "I am proud that our team has developed a prototype of custom technology from proof of concept in just a few months. We are working with the world's leading partners to perfect this technology and plan to do it before the end of 2018. Launched a revolutionary VR / XR head display."
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