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Varjo

Health Tech & Medtech · Helsinki, Finland · Founded 2016

Helsinki-based Varjo Technologies Oy, founded in 2016, develops and manufactures high-end virtual reality (VR), augmented reality (AR), and mixed reality (XR) headsets for the professional and enterprise market. The company was established by a team of former Nokia and Microsoft executives: Niko Eiden, Klaus Melakari, Roope Rainisto, and Urho Konttori. This founding group leveraged their extensive experience in hardware, software, optics, and user experience to address a gap in the market for high-fidelity immersive technology. Their vision was to create headsets capable of rendering virtual and mixed reality at a resolution comparable to the human eye, a concept that has driven the company's product development. Varjo's business model is centered on selling high-performance tethered headsets directly to enterprise clients and through a global reseller network spanning over 40 countries. This is complemented by a subscription-based software and support service, which provides access to Varjo's proprietary software suite and unlocks advanced features. The company primarily serves demanding industries such as aerospace, defense, automotive, medical, and research, with clients including major corporations like Boeing, Volvo Cars, Siemens, and Lockheed Martin. These organizations use Varjo's technology for complex applications like pilot and astronaut training, vehicle design and prototyping, and advanced scientific research. The company's product line began with the VR-1 in 2019 and has since evolved through several generations, including the XR-3 and VR-3 in 2020, and the more recent XR-4 series. Varjo's key technological differentiator is its 'Bionic Display,' which uses a high-density display in the center of the field of view to mimic the fovea of the human eye, providing extreme clarity where the user is looking. Its headsets feature integrated eye-tracking, hand-tracking, and, in the XR models, LiDAR and high-resolution video pass-through for seamless mixed reality experiences. In addition to hardware, Varjo offers a software ecosystem including the Varjo Reality Cloud platform, designed to stream and share immersive 3D environments, and provides professional consulting services to help clients deploy XR solutions at scale. Keywords: extended reality, virtual reality headsets, mixed reality, enterprise XR, human-eye resolution, professional VR, training and simulation, aerospace simulation, automotive design, medical VR, industrial-grade XR, LiDAR, video pass-through, eye-tracking technology, immersive computing, digital twin, high-fidelity VR, pilot training, defense technology, engineering visualization, Varjo Reality Cloud, photorealistic VR, enterprise software

Valuation $100–500M
Revenue $10–50M
Headcount 100–500
Total funding $100–500M
Unlock exact values This page shows ranges. Dealroom has the exact numbers for Varjo and the history behind them.

Investors

24 investors on Varjo's cap table

Sourced from Dealroom's funding history. Investor profile links are shown where available.

Seed 1 investor entered at this stage
European Innovation Council
Series A 11 investors entered at this stage
EQT Ventures
Presence Capital
Sisu Game Ventures
John Lindfors
Foobar Technologies
Lifeline Ventures
The Venture Reality Fund (The VR Fund)
Bragiel Brothers
Atomico
N47
Theon International
Series B+ 12 investors entered at this stage
Business Finland
NordicNinja VC
Tesi
Volvo Cars Tech Fund
Swisscanto Invest
European Investment Bank
Foxconn Technology Group
Mirabaud & Cie SA
Nordic Secondary Fund
Beyond Capital
Nvidia
Nishikawa Communications

Global footprint

Where Varjo has talent and traffic

Workforce by country
10 countries with
team presence
🇫🇮 Finland76.3%
🇺🇸 United States10.4%
🇩🇪 Germany5.8%
🇬🇧 United Kingdom2.3%
🇸🇪 Sweden1.2%
Top 5 of 10 shown

Talent graph

The shape of Varjo's talent

Dealroom maps Varjo's team person by person — pinpointing the standout operators and scoring them across the six dimensions investors underwrite. The counts and shape below are a public preview; the named individuals and exact scores live in the platform.

42 team members profilednamed & role-tagged by Dealroom
218 employeestotal headcount
7 executives & foundersidentified by name
DimensionScore
AI Talent Score hidden — book a demo
Engineering Score hidden — book a demo
Product Score hidden — book a demo
Go-to-market Score hidden — book a demo
Leadership Score hidden — book a demo
Research Score hidden — book a demo
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Source: Dealroom Talent Intelligence. Public profiles show counts and the team's shape only — request a demo for the named individuals, per-person seniority and tenure, and team benchmarks vs peers.

Market sentiment

What the market is saying about Varjo

An AI-synthesized read of the highest-engagement posts about Varjo on X over the past 7 days. We rank by likes & retweets, ignore corporate channels, and surface the themes that broke out from real people.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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