US-based augmented reality technology developer Mojo Vision has emerged from stealth with $50m in funding from investors including mass media group Liberty Global and online content provider Shanda Interactive.
Investment firm Open Field Capital and venture capital firms Khosla Ventures, New Enterprise Associates, 8VC, AME Cloud Ventures, Fusion Fund and Dolby Family Ventures also took part in the round. Shanda took part through investment firm Shanda Group.
Founded in 2015, Mojo Vision is working on an augmented reality technology platform to enable people to access information wherever they are without requiring a device like a phone or tablet.
The company will use the proceeds from the round to further develop the technology behind its invisible computing platform.
Drew Perkins, Mojo Vision’s chief executive, said: “People want technology to deliver information faster and in more convenient ways, but in many cases the scale has tipped in the other direction.
“The instant access to information we enjoy today can also distract us from important parts of our lives. The very technology that was designed to improve communication is now often a barrier to fundamental personal connections.”