Smart contact lens company Mojo Vision announces new investment as it teams up with Adidas
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Mojo Vision has announced that it has raised an additional US$45 million (~€40 million) in investment from several companies. The funds, which bring the total investment obtained by the company to US$205 million (~€181 million), will be used to develop the company's smart contact lenses, the Mojo Lens. These latest funds were revealed at CES 2022, alongside partnerships with several brands.
Mojo Vision named partners including Adidas Running, Trailforks, Wearable X, Slopes and 18Birdies. These collaborations aim to provide performance data through the Mojo Lens for professional athletes to use for various sports such as cycling and golf.
The Mojo Lens, a smart contact lens, is a microLED display that you could place in your eye to correct your vision and overlay information onto the physical world. For example, the gadget can show you trails on a ski slope, the pace you are running at, or notes for a presentation.
A solid-state battery powers the device, with a display the size of a grain of sand built into the scleral lens. The contact lens comes with software which, according to Mojo Vision, intelligently "understands the athletic, business, and leisure activities you're engaged in, so it can provide critical information without disrupting or distracting you."
The California based brand is still awaiting FDA approval on its smart contact lenses. Mojo Vision is taking part in the FDA's Breakthrough Device Program, a voluntary program for devices that provide particularly effective treatments for life-threatening or irreversibly debilitating illnesses. Once the FDA gives the green light, Mojo Vision can bring the Mojo Lens to market.