Varjo Gains THEON Investment to Advance Military XR
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Varjo has secured a strategic investment from THEON, a global defense systems provider. THEON has committed €5 million through a convertible loan, with the option to double the investment under identical terms. The partnership extends beyond funding, as the two companies will jointly explore new product and business opportunities.
The collaboration aims to combine THEON’s defense expertise with Varjo’s immersive technologies to deliver more realistic, high-fidelity training and simulation solutions. For Varjo, the investment strengthens its ability to deliver next-generation defense applications, while supporting THEON’s broader digital expansion under its THEON NEXT initiative.
Christian Hadjiminas, CEO of THEON, commented: “Our investment in Varjo under the THEON NEXT initiative deepens our reach into the European innovation ecosystem and gives THEON access to unique capabilities in visual display systems and projecting technology. Together, we are pushing the frontier of digital defense technology.”
