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Mojo Vision secures another $51M to develop its augmented reality contact lens

BBC was blown away at CES so let's hope this helps bring this "iPhone of wearables" to market

29-Apr-2020

Key points from article :

Company has raised $51 million as part of a Series B-1 led by New Enterprise Associates (NEA).

NEA’s venture partner Greg Papadopoulos joining Mojo’s board.

Total funding now in excess of $159 million.

Will use cash to help productize its technology.

Working with the FDA’s Breakthrough Devices Program focused on the visually impaired.

Will eventually reach consumers, says Drew Perkins, co-founder and CEO of Mojo CEO.

Timing for the product is still an open question.

Mentioned in this article:

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Drew Perkins

Mojo Vision CEO and co-founder

Food and Drug Administration (FDA)

Ensuring safety of drugs, medical supplies and food which is used daily.

Mojo Vision

Manufacturer of Mojo Lens - a smart contact lens with a built-in display

New Enterprise Associates (NEA)

US-based venture capital firm

Topics mentioned on this page:
Vision (augmentation)