Mojo Vision announced it has raised more than $51 million in a Series B-1 investment round, something the company says will be used for further development on Mojo Lens, its smart contact lens. brian.mast@104west.com Drew Perkins founded Mojo Vision after developing cataracts and getting inspired by bionic eyes. If nothing else, this served as a timely reminder of how precarious hardware startups can be and how resource-intensive it is to bring such new products to market. This is a tremendously exciting opportunity and Im humbled to be joining the board of directors and to continue partnering with the talented team at Mojo.. Want must-read news straight to your inbox? Micro-LEDs are the only display technology that can meet all the requirements of the emerging AR/VR marketplace. Registering gives you access to one of our Private Market Specialists who can guide you through the process of buying or selling. Last year, startup Mojo Vision unveiled an early prototype of a contact lens that contains everything it needs to augment realityan image sensor, display, motion sensors and . We have created proprietary high performance micro-LEDs at extremely small sizes. Keep your finger on the pulse of the XR industry with the Daily Roundup, the most important news in one daily email. But how does Mojo plan to put computer vision, augmented reality, a high-end micro-LED display, a broadband radio for communications, inertial measurement sensors, and a thin film solid state battery inside something that fits smoothly and gently on your eye? The Mojo Vision smart contact lens will come with an external compute pack with a CPU and GPU. Copyright 2023 Forge Global, Inc. All rights reserved. You may be able to get the data for the computing from a necklace that you wear, which would be wirelessly connected to your eyeball computer. Think about that for a moment. This application of the Mojo Lens is designed to provide real-time contrast and lighting enhancements, as well as zoom functionality. We want it to sit perfectly like a puzzle piece, and it doesnt rotate and it doesnt slip, Sinclair said. To help you get started go to Investor.gov for free financial planning tools and information to help you create a saving and investing plan that works best to achieve your goals. Mojo Vision has made two announcements at CES 2022; that it has received a further US$45 million of investment and that it plans to partner with several fitness companies, including Adidas. Learn more about Mojo Vision stock Updated on: Dec 21, 2022 Register for Details He has also helped found a number of companies and was an engineer with HP and Honeywell. Follow your own advice, think about it for a minute. Karae Lisle, executive director of Vista Center, said in a statement that the technology partnership offers a chance to improve vision rehabilitation and improve the quality of life for the centers clients. The lens will have tiny little displays, batteries, and other components to fit a whole computer on top of your eyeball. Senior Vice President of Business Operations. The company has developed a smart contact lens with a built-in display that gives timely information without interrupting the focus and delivers immediate, powerful, and relevant information without the intrusions of today's. But Sinclair points out that hundreds of millions of people need vision correction today, and 140 million, Forget The New MacBook Pro, Apple Has Something Much Better, Marshalls New Middleton Speaker Will Propel The Brand To Another Successful Year, ChatGPT: The Weirdest Things People Ask AI To Solve, Apple iPhone 14: New Leak Claims A Surprise iPhone To Land In Days, Apple Loop: Disappointing iPhone 15 Pro News, Apples Expensive Battery Option, iPhone SE Returns, Android Circuit: Pixel 7a Leaks, OnePlus Foldable Phone, TikToks American Problem, Amazons Eero Pro 6E Mesh Brings 6GHz Speeds To Home Wi-Fi. Aside from that, the startup didnt reveal a whole lot about what its been cooking up however, it did tout its AR-infused invisible computing platform that will deliver immediate, powerful, and relevant information minus the distractions of todays mobile devices. Mojo Vision raised over $150 million from Google (Gradient Ventures . We dont think of [smart contact lenses] as the next, next thing, Sinclair told me. 104 West Partners for Mojo Vision Papadopoulos is a relentless advocate for diversity in engineering and a supporter of open development models that stimulate communication, inclusiveness and innovation. Mojo Vision is the Invisible Computing company, dedicated to developing products and platforms that re-imagine the intersection of ideas, information, and people. The display delivers a pixel density of over 200 million ppi, making it the smallest, densest display ever designed for dynamic or moving content. By understanding real-world context, Mojo Lens provides relevant, eyes-up notifications and answers. Through the partnership, Vista Center clients will play a direct role in defining Mojo Visions innovative technology and providing input to the companys team of scientists and engineers. By registering, you agree to Forges Terms of Use. Theres just a lot of information that can be gathered and gleaned, literally, from being on a part of the body like the eye, Sinclair says. Applications include real-time contrast and scene enhancement, something the company says will make navigation, obstacle avoidance, and personal interactions easier for the visually impaired. It also means vertical-specific solutions like heads-up information for nurses, technical specs and instructions for service techs, or mapping and instructions for firefighters in rescue situations. Mojo Vision has raised more than $161 million in funding over eight rounds, the latest being a Series B round in April 2022. We require orders of magnitude less power. Those who invested in this are not interested in bulky gaming gadgets for geeks. Mojo Vision works closely with customers to develop displays optimized for their products. Submitted by Ron Mertens on Sun, 06/02/2019 - 10:54. 3. And so what we see ourselves doing over time is taking our baseline medical device capabilities of helping people with low vision, and increasing that and broadening that out to a lot of other health and wellness capabilities that go way beyond the augmented reality world that we all want to see.. In addition to advancing critical technologies, this capital moves Mojo closer to initial customer pilots and strategic partnerships, he said. This press release contains forward-looking statements including, but not limited to the technical, operational and financial benefits of Mojo Vision's solution. Mojo calls this eyes-up experience Invisible Computing, a platform that enables information to be instantaneous, unobtrusive, and available hands-free, allowing people to interact with each other more freely and genuinely. Connect with top gaming leaders in Los Angeles at GamesBeat Summit 2023 this May 22-23. Above: The Mojo Lens is a contact lens with an augmented reality display. The first lenses will use real-time contrast and lighting enhancement to help with night vision and severe sight limitations. Most of the technology community sees mobile as the current dominant computing platform and smartglasses as the probable successor, with visors and Oculus-style headsets as intermediary stages. Mojo Vision is developing Mojo Lens, the world's first AR smart contact lens with a built-in display that delivers Invisible Computing Saratoga, California, United States 101-250 Series B Private www.mojo.vision 36,184 Highlights Total Funding Amount $204M Contacts 75 Employee Profiles 16 Investors 32 Similar Companies 24 Log in. Were not trying to recreate reality, he says. Innovating the new features in the lens is a tremendous amount of work, but successfully . Id rather they invest that money into making an affordable full human FOV VR headset with 4K or greater resolution. Seed, Series A, Private Equity), Whether an Organization is for profit or non-profit, Mojo Vision is developing Mojo Lens, the worlds first AR smart contact lens with a built-in display that delivers Invisible Computing, Edit Lists Featuring This Company Section, Bay Area startup Mojo Vision puts smart contact lenses on hold, cuts staff by 75%, Mojo Vision tests smart contact lens on Alexa Shopping List, Mojo Vision shows off mind-blowing new augmented reality contact lens, West Coast Early Stage Companies With Less Than $50M in Revenue, Medical Companies With Less Than $1B in Revenue (Top 10K), Software Early Stage Companies With More Than 50 Employees, Medical Early Stage Companies With More Than $1M in Revenue. The Mojo Lens includes the Mojo Vision 14,000-pixel-per-inch (ppi) display, which was announced in May 2019. Prior to NEA, Papadopoulos was EVP and CTO of Sun Microsystems and before Sun, he was an associate professor of EECS at the Massachusetts Institute of Technology (MIT). See here for more information. The Mojo Lens includes the Mojo Vision 14,000-pixel-per-inch (ppi) display, which was announced in May 2019. The company is planning an early application of Mojo Lens to help people who live with vision impairment. Total amount raised across all funding rounds, Total number of lead investment firms and individual investors, Total number of investment firms and individual investors, Announced Date: Date that the Funding Round was publicly announced, Transaction Name: Auto-generated name of transaction (e.g. Which funding types raised the most money? Mojo Vision is revealing a smart contact lens with a tiny built-in display that lets you view augmented reality images on a screen sitting right in front of your eyeballs. Contact lenses could soon replace our phone screens, A new milestone in augmented reality: Functional contact lenses. Among the companys leading investors are Global Brain Corp and HiJoJo Partners. View contacts for Mojo Vision to access new leads and connect with decision-makers. Mojo Vision, a Saratoga, California-based startup is seeking to improve the lives of people living with sight loss by launching a smart contact lens that can overlay information on the real. The company develops both the software and hardware for its platform. Currently, the Mojo smart contact lens boasts: a 14,000 pixels per inch MicroLED display, the world's smallest at just .5 millimeters in diameter, and densest with a pixel-pitch of just 1.8 . How much funding has this organization raised over time? Founded by technology experts with decades of experience developing pioneering products and platforms and backed by some of the worlds leading technology investors, Mojo believes the future is invisible. Human vision is often estimated at ~600 MPIX, but human eye is only around 8 MPIX (similar amount of pixels that a 4K screen has). Mojo Vision is a private company and not publicly traded. I had to look to the left, for instance, to click on a page and then look at an arrow to make a selection.