Varjo

What Varjo does

Varjo Technologies Oy, founded in 2016 in Helsinki, Finland, designs and manufactures high-resolution virtual and mixed reality (VR/XR) headsets purpose-built for enterprise simulation training, with a primary focus on defense, military, civil aviation, and select industrial customers. The company's flagship XR-4 Series is differentiated by proprietary human-eye resolution display technology (33 pixels per degree standard, up to 51 PPD in the Focal Edition), full-dome optics spanning a 120° x 105° field of view, 300 kpix extended-range LiDAR depth sensing, gaze-driven autofocus, inside-out tracking eliminating base stations, integrated spatial audio with noise-cancelling microphones, and a TAA-compliant Secure Edition manufactured in Finland for classified-environment deployment. The hardware is paired with Varjo Base companion software (Free and Pro tiers), a Native SDK plus full OpenXR compliance, certified integrations with Unity, Unreal Engine 5, Lockheed Martin Prepar3D, Bohemia Interactive VBS4, NVIDIA Omniverse, and Autodesk VRED, and a pre-validated Integrated XR System bundle for rapid deployment. The company also operates Varjo Alpha professional services for mission-critical integrations and historically developed the Reality Cloud teleportation platform (built on the 2021 acquisition of Dimension10).

Varjo operates a hardware-led enterprise sales model: direct field sales supported by 'Talk to Sales' and 'Book a Live Demo' CTAs, complemented by a system-integrator and reseller channel including flagship partners Rheinmetall (deployable land training), Brunner Elektronik (EASA-certified flight trainer at Lufthansa Aviation Training), Cole Engineering (U.S. Army RVCT), Fynd Reality (Norwegian/Ukrainian defense), and Applied Virtual Simulation (C-UAS). Pricing is quote-based with multi-year contracts; third-party references cite XR-4 Focal Edition at $4,999 per unit, but most enterprise deals are negotiated. Named customers span Ukrainian Armed Forces, U.S. Army, European Space Agency, Lockheed Martin, Rheinmetall, Boeing, Volvo, TRU Simulation, and Lufthansa Aviation Training, with the company claiming over 1,300 clients across 40+ countries. Revenue derives from hardware sales (primary), software subscriptions (Varjo Base Pro), accessories, and professional services. Capital structure reflects cumulative funding of more than $200M from EQT Ventures, Atomico, Volvo Cars Tech Fund, Mirabaud, Foxconn, NVIDIA (via 2024-11 secondary participants), the European Investment Bank (€20M debt, 2021), Business Finland, and a strategic €10M commitment from defense optics group THEON International (2025), with reports from April 2026 indicating preparation for a potential initial public offering on the Helsinki Stock Exchange.

Name

Varjo

Legal name

Varjo Technologies Oy

Website

https://varjo.com

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

251–500 employees

Short description

Varjo Technologies Oy, founded 2016 in Helsinki, Finland, designs and manufactures high-resolution military-grade VR/XR headsets and integrated simulation systems for defense forces, civil aviation training organizations, and select industrial customers across more than 40 countries.

Ownership category

akta.pro rank

Product category

XR Simulation and Training Hardware

NAICS

Computer and Peripheral Equipment Manufacturing (3341), Search, Detection, Navigation, Guidance, Aeronautical, and Nautical System and Instrument Manufacturing (334511), Navigational, Measuring, Electromedical, and Control Instruments Manufacturing (33451)

SIC

Computer Peripheral Equipment, Nec (3577), Search, Detection, Navagation, Guidance, Aeronautical Sys (3812)

akta.pro primary industry

VR/XR Hardware & Accessories (Headsets, Controllers, Trackers, Haptics) (MPAFAGAG)

akta.pro secondary industries

LiDAR & 3D Sensing Modules (HDAHALAG), XR/AR/VR/MR Development Frameworks & Toolchains (MPAFAFAF), VR/AR Gaming Hardware (Headsets & Controllers) (HDACANAD)

Keywords

• Mixed reality headsets
• XR simulation training
• Military-grade VR hardware
• Aviation pilot training
• Industrial metaverse software

Headquarters

HQ city

Helsinki

HQ country

Finland

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Technology or R&D, Supply Chain, Personnel, Marketing or Sales, Operations

Revenue model

1. XR Hardware Sales: Sale of high-end XR headsets including XR-4 Series, XR-4 Focal Edition, and XR-4 Secure Edition. Hardware is the primary revenue driver targeting enterprise defense and simulation customers.
2. Software Licenses and Subscriptions: Varjo Base software offered in Free and Pro tiers. Professional services including Varjo Alpha for custom XR system integration.
3. Accessories and Peripherals: Extended 15-meter cables, additional controllers and accessories to complement headset hardware
4. Professional Services: Varjo Alpha professional services team providing XR system integration, optimization, and expert support for mission-critical deployments

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels7 records

Core offering

Varjo designs and manufactures military-grade virtual and mixed reality (VR/XR) headsets and supporting software for enterprise simulation and training. Its flagship XR-4 Series offers human-eye resolution displays, gaze-driven autofocus, 300kpix LiDAR depth sensing, inside-out tracking, and TAA-compliant Secure Edition variants, sold alongside Varjo Base software, Native/OpenXR SDKs, Teleport Secure, the Integrated XR System bundle, and Varjo Alpha professional services. Customers span defense, civil aviation, space, automotive, and industrial design sectors across 40+ countries.

Product overview

Varjo offers a unified XR platform combining military-grade mixed reality headsets with integrated software and professional services. The core product line centers on the XR-4 Series headsets (standard, Focal Edition, and Secure Edition variants), which are complemented by Varjo Base companion software, the Varjo Native SDK and OpenXR SDK for development, and Teleport Secure for classified environments. The company expanded into complete solutions with the Integrated XR System (pre-validated hardware bundles), and previously developed the Reality Cloud platform for cloud-based teleportation. Varjo Alpha professional services provide implementation support. The portfolio spans hardware (headsets and accessories), software (SDKs, runtime, applications), and services (deployment, integration) for defense, aviation, and industrial training markets.

Differentiator

Problem solved

Functional benefit

Brands

• XR-4 Series: World's most advanced mixed reality headsets built for modern training scenarios including cockpits and vehicle simulators
• XR-4 Focal Edition
• XR-4 Secure Edition
• Varjo Base
• Integrated XR System
• Varjo Alpha

Quantifiable outcome

• EASA certified first-ever mixed reality flight simulator for civil aviation pilot training
• +2 more outcomes

Named customers11 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration13 records

AI capability4 records

Feature10 records

Partnerships

Five partnerships are on record, tiered core and flagship.

• VRAIcoreStrategic or Co-development Partner · 14 April 2026Strategic partnership announced to bring data-driven insights to military training. Combines Varjo's XR hardware with VRAI's data analytics capabilities to enhance training effectiveness measurement.
• Applied Virtual Simulation (AVS)coreStrategic or Co-development Partner · 10 April 2026Australian company partnered with Varjo to produce the Horizon Guardian counter-unmanned aerial system (C-UAS) shotgun simulator using Varjo's XR-4 head-mounted display. Simulator integrated with Obriy UAV simulation software from Twist Robotics Group and was showcased at ITEC 26 in London.
• Fynd RealitycoreStrategic or Co-development Partner · 31 March 2026Norwegian XR company partnered with Varjo to deliver XR training technology to Ukrainian Armed Forces. Initial delivery of 39 systems valued at $8.2 million as part of Norway's Nansen Programme for armored vehicle training including Leopard 2A4 tanks.
• RheinmetallflagshipStrategic or Co-development Partner · 25 November 2025Strategic partnership to integrate Varjo's XR-4 Series headsets into Rheinmetall's deployable virtual land training systems for military use. Collaboration enables mobile mixed reality simulators across Europe and NATO, pairing Rheinmetall's modular simulators with Varjo's XR technology. Joint solutions showcased at I/ITSEC 2025.
• Brunner ElektronikflagshipTechnology or Integration · 4 June 2025Swiss manufacturer integrated Varjo's XR-4 Focal Edition headset into the NOVASIM MR DA42 flight trainer, achieving first-ever EASA qualification for a mixed reality flight simulator. Deployment at Lufthansa Aviation Training in Munich for Diamond DA-42 aircraft training.

Scale indicators9 records

Recent moves8 records

Expansion highlights7 records

Broad incumbents

• Collins Aerospace: Collins Aerospace provides military and commercial simulation/training systems across air, land, and sea domains. As a broader incumbent with deep relationships across defense procurement, it is a comparable end-customer and emerging competitor in mixed-reality-enabled training programs.
• CAE: CAE is a global leader in aviation and defense simulation/training solutions. While traditionally focused on full-mission simulators, CAE is exploring XR-based training solutions that could overlap with Varjo's mixed-reality flight training deployments for commercial and military pilots.
• Apple (Vision Pro): Apple Vision Pro is a broader incumbent pushing spatial computing into enterprise and developer markets, with substantial R&D and ecosystem advantages. While positioned as a premium consumer device, it is increasingly being adopted for enterprise training and visualization use cases adjacent to Varjo's defense/aviation niche.
• Meta (Quest Pro / Quest for Business): Meta's Quest Pro and Quest for Business bring mass-market VR hardware into enterprise workflows at substantially lower price points. Meta's scale, developer ecosystem, and ongoing R&D in passthrough XR make it a long-term competitive threat to Varjo's high-end positioning.

Emerging players

• Pimax: Pimax develops high-resolution, wide-FOV VR headsets (Pimax Crystal, Pimax Portal) targeting simulation, flight, and racing enthusiasts. Its focus on visual fidelity for professional and prosumer simulation is a partial overlap with Varjo's enterprise simulation training use cases.
• Lynx Mixed Reality: Lynx-R1 is an emerging mixed-reality headset targeting enterprise and prosumer users with a focus on passthrough XR. While smaller and more developer-oriented than Varjo, it represents an emerging alternative for cost-sensitive enterprise XR deployments.

Direct peers

• Magic Leap: Magic Leap 2 targets enterprise mixed-reality use cases including industrial training, healthcare, and defense — directly competing with Varjo's XR-4 Series in the high-end professional XR segment. Both companies focus on enterprise sales rather than consumer gaming.
• Microsoft (HoloLens 2 / Mixed Reality): Microsoft's HoloLens line is the most established enterprise mixed-reality headset, deployed across defense, manufacturing, and industrial training use cases overlapping Varjo's core market. Both compete for high-value enterprise XR deployments with similar integration and SDK strategies.
• Pico (ByteDance) — Pico 4 Enterprise: Pico's enterprise VR/MR headsets (Pico 4 Enterprise, Pico Neo) target training, simulation, and visualization use cases overlapping Varjo's market, with strong presence in Europe and Asia. Both compete for enterprise XR deployments requiring inside-out tracking and high-resolution displays.
• HTC (VIVE XR Elite / VIVE Focus): HTC VIVE's enterprise-focused XR headsets (VIVE XR Elite, VIVE Focus series) target the same professional and simulation training buyers as Varjo, including defense, aviation, and industrial visualization. Both compete for LBE, training, and enterprise XR deployments globally.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/varjodotcom
• YouTubeyoutube.com/c/VarjoTechnologies
• Facebookfacebook.com/varjodotcom
• LinkedInlinkedin.com/company/varjo
• Instagraminstagram.com/varjodotcom

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries1 record

Funding overview

Funding rounds11 records

Investors21 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Varjo