AR developer Mojo Vision announced that it has raised $45 million in its Series B-1 round, which brings its total funding to $205 million. Investors in this new round include Amazon Alexa Fund, PTC, Edge Investments and HiJoJo Partners.
Mojo Vision also announced that it has partnered with several leading sports brands, including Adidas, Wearable X, Trailforks, Slopes and 18Birdies. Together with these companies, Mojo "showcased at CES 2022 the potential role an effectively eye-mounted display could play in the lives of professional athletes".
Mojo is not ready for commercialization yet, but these partnerships could indicate that professional athletics sports could be one of the company's first target markets.
Mojo Vision's AR platform is based on microLED microdisplay technology, produced on contact lenses. In 2019, Mojo announced that it has developed a 14k sub-pixel PPI Micro-LED microdisplay