Industrial-grade VR company Varjo picks up $52M in Series C funding – TechCrunch

Varjo, the Finnish startup that has developed a virtual and mixed reality headset capable of "human-eye resolution" for use in various enterprise applications, has closed a $51.7 million in Series C funding. Existing investors including Lifeline Ventures, Atomico, EQT Ventures and Volvo Cars Tech Fund have also followed on. It brings total raised by Varjo to around $100 million to date. The company is also announcing the appointment of Timo Toikkanen, who was previously president and COO of Varjo, as its new CEO. Co-founder and previous CEO, Niko Eiden, becomes CXO where he'll be tasked with continuing to drive the company's technology innovations and, notably, remains a board member.