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Mojo Vision

Extended Reality
Product stageSegments
Early
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Hardware manufacturers
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Mojo Vision is the developer of AR contact lens Mojo Lens, which was developed in partnership with Japanese contact lens maker Menicon. Mojo Lens includes a built-in microLED display that allows the user to view AR-based monochrome images, symbols, and text without obstructing their view or restricting mobility. The company intends to work with fitness brands and the visually impaired initially.

In January 2023, the company announced a halt in the production of their smart contact lenses and laid off 75% of its staff due to difficulties in raising funds. The company has since then pivoted its focus on the production of micro-LED’s. Milestones achieved in micro-LED development include lighting up the first 300 mm GaN-on-silicon, blue micro-LED array wafer (May 2023) and powering the world's highest-density (14K ppi) red micro-LED micro display (June 2023).

Key customers and partnerships 

In May 2023, the company partnered with DigiLens to use its micro-LED technology for improved AR glasses. Previous partnerships include to deliver performance and real-time stats data to runners, cyclists, and golfers for performance measurements include Adidas Running (running/training), Trailforks (cycling, hiking/outdoors), Wearable X (yoga), Slopes (snow sports), and 18Birdies (golf) as of January 2022.

Funding and financials

In October 2023, Mojo Vision raised 21.1 million in an extended Series A funding round. Funds were earmarked for the development and commercialization of its micro-LED displays. Previously, in April 2023, the company raised USD 22.4 million in a Series A funding round.

Extended Reality

Extended Reality

Key stats
Featured companies
238
Total funding (USD)
13.6 Bn
Total addressable market (USD)
100.4 Bn
Key competitors
 
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Company profile
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EDGE Insights

XR and MEP (Q4 2023): XR GenAI adoption accelerates alongside funding rebound
XR and MEP (Q2 2023): Apple's Vision Pro fuels XR's cautious comeback as metaverse plummets
The Extended Reality journey: Are we there yet?

Recent Updates

Funding
Oct 12, 2023
Mojo Vision raises USD 21.1 million in Series A funding
Extended Reality
Product updates
May 24, 2023
Mojo Vision announces milestone in the development of micro-LED displays
Extended Reality
Funding
Apr 5, 2023
AR contact lens manufacturer Mojo Vision raises USD 22.4 million in Series A
Extended Reality
Management news
Industry news
Jan 6, 2023
AR contact lens developer Mojo Vision halts production of smart contact lenses to focus on micro-LED display technology; lays off 75% of its staff
Extended Reality
Funding
Jan 4, 2022
AR contact lens developer Mojo Vision raises USD 45 million
Extended Reality

Company Brief


HQ location:
Saratoga CA USA
Founded year:
2015
Employees:
11-50
Total Funding:
USD 269.9 million
Last Funding
USD 43.5 million, Oct 2023

Funding


Investors


No investor data is available

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