Liberty Global participates in latest funding round for Mojo Vision
Liberty Global has furthered its investment in Mojo Vision as part of the company’s $51 million Series B-1 investment round to propel the development of its revolutionary new smart contact lens – Mojo Lens.
Mojo Lens will be the world’s first ‘smart’ contact lens which will have a tiny, augmented reality display built into it. Sitting above the pupil, the lens will display real time information, images and data into the user’s line of vision.
Mojo Vision calls this technology ‘Invisible Computing’ – a platform that overlays information on what you see in the real world. This enables information to be instantaneous, unobtrusive, and available hands-free, allowing people to interact with each other more freely and genuinely, without the need for special glasses.
The company is planning an early application of Mojo Lens to help people who live with vision impairment to better navigate their surroundings. By using enhanced image overlays, this application is designed to serve as a visual aid, providing real-time contrast and scene enhancement that will make navigation, obstacle avoidance, and personal interactions easier.
Mojo is actively working with the U.S. Food and Drug Administration (FDA) through its Breakthrough Device Program, a voluntary program designed to provide safe and timely access to medical devices that can help treat irreversibly debilitating diseases or conditions.
“As investors in Mojo Vision since 2017, we have had the opportunity to work alongside industry pioneers. They have successfully solved many of the hardest challenges in this journey and we are proud to support them in their vision for the future,” said Ankur Prakash, Partner at Liberty Global Ventures. “It has been really exciting to watch the development of this revolutionary technology which has the potential to literally change the way we look at the world and improve the lives of those living with vision impairment.”
The latest round of funding was led by New Enterprise Associates (NEA) with participation from top strategic investors and venture firms, including Liberty Global, Gradient Ventures, Khosla Ventures, Struck Capital, Dolby Family Ventures, Motorola Solutions Venture Capital, Fusion Fund, Intellectus Partners, KDDI Open Innovation Fund, Numbase Group, InFocus Capital Partners, and others.
“The unveiling of the details of our product development earlier this year has generated increased excitement and momentum around the potential of Mojo Lens,” said Drew Perkins, CEO and Founder of Mojo Vision. “This new round of funding brings more support and capital from strategic investors and companies to help us continue our breakthrough technology development. It gets us closer to bringing the benefits of Mojo Lens to people with vision impairments, to enterprises and eventually, consumers.”
Mojo Lens is currently in the research and development phase.
Find Mojo Vision online at here.
