AR developer Mojo Vision, announced that it has raised $51 million in its B-1 round. The company has raised more than $159 million to date. The fund was led by New Enterprise Associates, and several strategic VCs participated, including Dolby Family Ventures and Motorola Solutions Venture Capital.
Mojo Vision, still in an R&D stage, develops micro-LED powered AR contact lenses. In June 2019, AR developer Mojo Vision announced that it developed a 14k sub-pixel PPI Micro-LED microdisplay, to power its upcoming AR platform.