)--Linking the Frontier of Technology, Serving Business InnovationMarch 20 News: Mojo Vision, an AR integrated development platform specializing in “Invisible Computing,” announced that it has raised $58 million in Series B funding. To date, the company’s total fundraising amounts to $108 million. It is reported that Gradient Ventures, a subsidiary of Google, participated in this round of financing, and the funds will be used to develop Mojo Vision’s AR platform.
In addition to Gradient Ventures, the investors in this Series B financing round also include Advantech Capital, HP Tech Ventures, Motorola Solutions Venture Capital, Bold Capital Partners, LG Electronics, Kakao Ventures, and Stanford StartX.
According to Qingting Network, since securing its first round of financing four months ago, Mojo Vision has not disclosed specific details about its “Invisible Computing” initiative. According to the company, this AR computing platform can deliver “instant, powerful, and up-to-date” information without requiring intervention from existing mobile devices or touch-based computing interfaces, a prospect that has generated significant anticipation among investors.
Benjamin Yumin Qiu, Co-Director and Partner of the Healthcare Investment Division at Advantech Capital, stated: “Advantech Capital is excited to invest in such a bold, new AR platform that will unlock more innovative applications in healthcare and health. The AR industry has seen continuous innovation recently and has been adopted by Fortune 500 companies, while the platform Mojo Vision aims to build seems like a dream compared to current technology.”
Gradient Ventures, an AI-focused venture capital firm, sees strong appeal in the concept of enabling AI to interact naturally and unobtrusively with information based on context. Anna Patterson, Managing Partner at Gradient, stated that the firm’s investment in Mojo Vision underscores its bold vision to extend AI applications beyond mobile platforms and pioneer novel modes of information delivery.
Mojo Vision CEO Drew Perkins stated: “Mojo Vision faces significant challenges as we rethink how people receive and share immediate, critical information without distraction. Securing this round of financing will not only accelerate our technological development but also enable us to conduct initial customer testing and establish strategic partnerships.”
Last November, Qingting Network reported that the company’s leadership team comprises seasoned Silicon Valley veterans who previously held positions at Apple, Amazon, Google, HP, Infinera, Agilent (a laboratory analytical instrument manufacturer), and Marvell Technology (a U.S. chipmaker).
So, in what form will their “Invisible Computing” AR platform emerge? Foreign media speculate that it may be related to smart contact lenses, given Google’s prior research in this area and Advantech Capital’s involvement in the medical sector, making the likelihood of contact lenses quite high.
In any case, Google has a strong investment track record in the AR sector, having invested in Magic Leap, Niantic, Ubiquity6, Blue Vision Labs, CTRL-labs, and Resolution Games. This article was translated by Qingting Network from:Businesswire，Next Reality