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- Mojo Vision
Mojo Vision Valuation, Funding & Investors
Mojo Vision is valued at $280M as of September 2025.
Last Mojo Vision valuation
$280M
Series B · Sep 2025
Last Mojo Vision funding round
$18M
Undisclosed stage · Mar 2026
Cumulative funding Mojo Vision raised
$362M
across 8 funding rounds
Key investors in Mojo Vision
New Enterprise Associates
Dolby Family Ventures
Khosla Ventures
Fusion Fund
Liberty Global Ventures
Open Field Capital
About Mojo Vision
Mojo Vision is a developer of micro-LED display technology for consumer, enterprise, and government uses. Saratoga-headquartered since 2015, it produces the world's smallest and densest dynamic displays using proprietary quantum-dot technology for full-color capabilities. The company applies this to augmented reality smart contact lenses and aims to disrupt the display industry with 300mm manufacturing processes. Mojo Vision targets AR wearables, heads-up displays, and high-resolution screens.
Founded
2015
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Product sales
Valuation
$280M (Sep 2025)
Mojo Vision Valuation
Mojo Vision is currently valued at $280M, based on its Series B in September 2025.
The $75M round was led by Vanedge Capital, with participation from Ohio Innovation Fund, Hyperlink Ventures, Edge Venture Capital, New Enterprise Associates, Knollwood Capital and 5 other investors.
Mojo Vision valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Sep 2025 | Series B | $280M |
Mojo Vision Funding History
Mojo Vision has raised a total of $362M across 8 funding rounds.
Mojo Vision's first fundraising round was a $50M Series A in November 2018. The most recent completed round was a $18M undisclosed-stage round in March 2026.
Mojo Vision funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Mar 2026 | Undisclosed stage | Future Ventures (lead) | $18M | - | - |
| Sep 2025 | Series B | Vanedge Capital (lead); Ohio Innovation Fund; Hyperlink Ventures; Edge Venture Capital; New Enterprise Associates; Knollwood Capital; Khosla Ventures; keymaker; Fusion Fund; Dolby Family Ventures; imec.xpand | $75M | $280M | Mojo Vision, a high-performance micro-LED platform company based in Cupertino, California, develops advanced display technology using a wafers-in, wafers-out process on 300mm silicon architecture with GaN-on-Silicon emitters, proprietary quantum dots, and micro-lens arrays. Originally focused on AR smart contact lenses, the company pivoted in 2023 after laying off most employees, shifting emphasis to microLED microdisplays for consumer, enterprise, government, AI glasses, and optical interconnects applications. This technology aims to disrupt the $160 billion display industry by addressing trade-offs in size, brightness, bandwidth density, and power. On September 4, 2025, Mojo Vision closed an oversubscribed $75 million Series B Prime funding round led by Vanedge Capital, with participation from existing investors Edge Venture Capital, New Enterprise Associates (NEA), Fusion Fund, Knollwood Capital, Dolby Family Ventures, and Khosla Ventures, plus new investors imec.xpand, Keymaker, Ohio Innovation Fund, and Hyperlink Ventures. The funds support commercialization of the micro-LED platform and acceleration of AI applications. According to Forge Global data, the post-money valuation was $280.47 million, with a price per share of $0.22. Prior to this, the company raised $43.47 million in a Series A Prime round on October 12, 2023, at a $173.61 million post-money valuation, contributing to total funding exceeding $269.9 million across nine rounds. CEO Nikhil Balram highlighted the round as marking a new phase toward commercial viability, positioning micro-LEDs to power AI innovations in large market segments. Vanedge Capital's Moe Kermani emphasized its potential to transform AI infrastructure performance. The company, founded in 2015 by Michael Wiemer, Michael Derring, and Drew Perkins, has raised over $100 million since its 2023 pivot, with no IPO plans officially announced. |
| Oct 2023 | Series A | Khosla Ventures (lead); New Enterprise Associates (lead); Vanedge Capital (lead); Advantech Capital; Fusion Fund; Dolby Family Ventures; Liberty Global Ventures; Drew Perkins; Shanda Group; Open Field Capital; Knollwood Investment Advisory | $44M | - | Mojo Vision, a high-performance micro-LED display technology developer based in Saratoga, California, closed its Series A funding round on October 12, 2023, raising $43.5 million. This final close doubled the initial $22.4 million announced in April 2023. The round was led by existing investors New Enterprise Associates (NEA) and Khosla Ventures, with new lead Vanedge Capital, and participation from Shanda Group Ventures, Dolby Family Ventures, Advantech Capital, Liberty Global Ventures, Drew Perkins, Fusion Fund, Open Field Capital, and Knollwood Investment Fund. The funds aim to accelerate micro-LED R&D, advance display technology across consumer, enterprise, and government applications, and drive commercialization using proprietary quantum-dot technology and 300mm manufacturing processes. Originally founded in 2015 to develop AR smart contact lenses, Mojo Vision raised over $200 million previously but pivoted in 2023 after layoffs, shifting focus almost entirely to microLED microdisplays. This pivot followed challenges in attracting capital for contact lenses, enabling the company to demonstrate milestones like the world's highest-density 14K ppi true red micro-LED microdisplay and the first 300mm blue GaN-on-Silicon micro-LED array wafer light-up. The technology targets disruption in the $160 billion display industry with superior brightness, efficiency, and form factors for various applications including XR. The Series A exceeded expectations amid strong investor interest, positioning Mojo Vision to bring its full-color micro-LED platform to market. Subsequent developments include a $75M Series B Prime round in 2025 led by Vanedge Capital with participation from prior and new investors like imec.xpand, bringing total funding to around $345 million. |
| Apr 2023 | Series C | Khosla Ventures (lead); New Enterprise Associates (lead); Edge VC; Fusion Fund; Dolby Family Ventures; Liberty Global Ventures; Drew Perkins; Open Field Capital | $22M | - | Mojo Vision, a Saratoga, CA-based company originally developing AR smart contact lenses, pivoted in 2023 to focus on commercializing its proprietary high-performance micro-LED display technology for consumer, enterprise, and government applications, including the world's highest-density 14K ppi true red micro-LED micro-display and 300mm blue GaN-on-silicon micro-LED array wafers. The pivot followed layoffs of about 75% of staff in January 2023 and shelving the Mojo Lens project, with former micro-LED business leader Nikhil Balram replacing Drew Perkins as CEO. This shift built on the company's quantum-dot and micro-LED advancements initially created for the contact lens prototype. In April 2023, Mojo Vision announced a $22.4 million initial close of a new Series A round, led by existing investors New Enterprise Associates (NEA) and Khosla Ventures, with participation from Dolby Family Ventures, Liberty Global Ventures, Fusion Fund, Drew Perkins (former CEO, now investor), Open Field Capital, and Edge. The round aimed to accelerate development and commercialization of monolithic micro-LED technology, noted for ultra-high brightness, efficiency, and slim form factor. Six months later, in October 2023, the round closed at $43.5 million after raising an additional ~$21.1 million, adding new lead investor Vanedge Capital and others including Shanda Grab Ventures, Advantech Capital, and Knollwood Investment Fund. The company continued milestones in micro-LED innovation post-round, positioning to disrupt displays for AR/VR, wearables, and TVs. A subsequent $75 million Series B Prime in late 2023 or later, led by Vanedge Capital, raised total funding to $345 million, further supporting XR micro-LED commercialization. |
| Jan 2022 | Series B | Edge VC; Advantech Capital; Amazon; New Enterprise Associates; AME Cloud Ventures; Motorola Solutions Venture Capital; Dolby Family Ventures; Liberty Global Ventures; HiJoJo Partners; Open Field Capital; PTC | $45M | - | Mojo Vision is a microLED and augmented reality contact lens technology company founded in 2015. The company initially focused on developing smart contact lenses for various applications including sports, fitness, and assistance for the visually impaired, and had raised over $200 million across multiple rounds to support this vision. In January 2023, the company underwent a significant pivot, laying off approximately 75% of its workforce and shifting focus from contact lens development to commercializing its microLED microdisplay technology. In January 2022, Mojo Vision raised $45 million in a Series B-1 funding round led by new investors including Amazon Alexa Fund, PTC, Edge Investments, and HiJoJo Partners, alongside existing investors such as New Enterprise Associates, Liberty Global Ventures, Advantech Capital, Dolby Family Ventures, and Motorola Solutions. The round brought total funding to $205 million. As part of the funding announcement, Mojo Vision partnered with Adidas and other fitness brands including Trailforks, Wearable X, Slopes, and 18Birdies to develop AR-enabled data-tracking technology for the sports market. |
| Apr 2020 | Series B | New Enterprise Associates (lead) | $51M | - | Mojo Vision is a startup developing Mojo Lens, the first true smart contact lens platform enabling 'Invisible Computing' with augmented reality displays integrated directly into contact lenses for hands-free information access. The technology aims at applications for the visually impaired through enhanced image overlays for navigation and obstacle avoidance, with plans to expand to enterprises and consumers. In April 2020, the company raised more than $51 million in a Series B-1 round led by New Enterprise Associates (NEA), with participation from Gradient Ventures, Khosla Ventures, Liberty Global 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. This brought total funding to over $159 million. NEA venture partner Greg Papadopoulos joined the board. The funds were intended to advance productization of the Mojo Lens technology, including collaboration with the FDA’s Breakthrough Devices Program for early visually impaired applications. CEO Drew Perkins highlighted the round's role in accelerating breakthrough development amid growing excitement from earlier product reveals. Later developments included a pivot in 2023 to microLED microdisplays for AR after laying off staff and decelerating contact lens work, closing a Series A for $43.5 million led by NEA and Khosla Ventures. |
| Mar 2019 | Series B | HP Tech Ventures; Bold Capital Partners; Advantech Capital; Kakao Ventures; Intellectus Partners; Motorola Solutions Venture Capital; StartX (Stanford-StartX Fund); Gradient; LG Electronics | $58M | - | Mojo Vision, a Saratoga, California-based augmented reality company founded by former engineers from Apple, Amazon, and Google, develops 'invisible computing' technology to provide instant access to information without tethering users to devices like smartphones or wearables. The company emerged from stealth in late 2018 and raised a $50 million Series A round prior to the specified Series B. In March 2019, Mojo Vision secured a $58 million Series B funding round led by investors including Advantech Capital, Gradient Ventures (Google’s AI-focused fund), HP Tech Ventures, Motorola Solutions Venture Capital, Bold Capital Partners, LG Electronics, Kakao Ventures, Intellectus Partners, and Stanford-StartX Fund, bringing total funding to over $108 million. The capital was intended to advance critical technologies, reach technology milestones, initiate customer pilots, and form strategic partnerships for its AR platform targeting health, wellness, and AI-driven contextual information delivery. The Series B round highlighted Mojo Vision's ambition to rethink information delivery in an immediate, relevant manner without diverting attention, positioning it beyond traditional mobile form factors. Investors like Gradient Ventures emphasized the potential of AI for effortless, contextual access to information, while Advantech Capital noted the AR industry's breakthroughs and Mojo Vision's innovative applications. Post-2019, Mojo Vision continued fundraising with later rounds including a $43.5 million Series A in 2023 for micro-LED development, a Series B Prime with $75 million in 2025 at a $280.47 million post-money valuation, and others, pivoting toward practical micro-LED products after laying off staff and appointing a new CEO. |
| Nov 2018 | Series A | 8VC; New Enterprise Associates; AME Cloud Ventures; Khosla Ventures; Fusion Fund; Dolby Family Ventures; Liberty Global Ventures; Shanda Group; Struck Capital; Open Field Capital | $50M | - | Mojo Vision raised $50 million in a venture round in November 2018 from investors including 8VC, AME Cloud Ventures, Dolby Family Ventures, Fusion Fund, Khosla Ventures, Liberty Global Ventures, New Enterprise Associates, Open Field Capital, Shanda Group, and Struck Capital. The company, founded in 2015, develops augmented reality platforms, initially focusing on AR contact lenses with micro-LED technology. One source lists a Series B round on Nov 09, 2018, for $74.63M, potentially encompassing or related to this funding. Subsequent funding includes a $51.14M Series B in February 2020, bringing total funding over $159M by April 2020, and later rounds such as $45M Series B in January 2022, $22.4M in April 2023, and $43.5M Series A in October 2023. The company pivoted from full AR contact lenses to micro-LED applications, appointing a new CEO and reducing staff. Investors continued participation in later rounds, supporting micro-LED commercialization and AI applications. Total funding reached $118.5M to $269.9M across multiple rounds by 2023-2025. |
Who has invested in Mojo Vision?
33 investors have backed Mojo Vision across its funding rounds, including New Enterprise Associates, Dolby Family Ventures, Khosla Ventures, Fusion Fund, Liberty Global Ventures and Open Field Capital.
Lead investors include Future Ventures, Vanedge Capital, Khosla Ventures and New Enterprise Associates.
Mojo Vision Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 6 | Lead | Nov 2018 | ||
| 5 | Participant | Nov 2018 | ||
| 4 | Lead | Nov 2018 | ||
| 4 | Participant | Nov 2018 | ||
| 4 | Participant | Nov 2018 | ||
| 4 | Participant | Nov 2018 | ||
| 3 | Participant | Mar 2019 | ||
| 2 | Participant | Jan 2022 | ||
| 2 | Participant | Nov 2018 | ||
| 2 | Participant | Mar 2019 | ||
| 2 | Lead | Oct 2023 | ||
| 2 | Participant | Apr 2023 | ||
| 2 | Participant | Nov 2018 | ||
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialMojo Vision Competitors
Mojo Vision competitors include listed companies like Vuzix and SEALSQ, and private ones like OPKIX, Pimax VR, WayRay and DigiLens.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $6M | ($29M) | $232M | 33.9x | ||
| Private | - | - | $245M | - | ||
| Private | - | - | $380M | - | ||
| Private | - | - | $500M | - | ||
| Publicly listed | $18M | ($34M) | $518M | 2.0x | ||
| Private | - | - | $530M | - |
Mojo Vision Public Comps
Mojo Vision is still privately-owned, but its public comps include Grupo Multi, GoPro, Xperi, UTime, Surgical Science, Mobiltel Iletisim, Amtech Systems, Parrot, Canaan and Vuzix.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $763M | $47M | 0.3x | 0.3x | 4.7x | 4.3x | |||
| $652M | ($71M) | 0.5x | 0.6x | (4.7x) | (4.3x) | |||
| $448M | $5M | 0.5x | 0.5x | 54.0x | 3.1x | |||
| $29M | ($2M) | 9.1x | - | (119.0x) | - | |||
| $101M | $18M | 1.9x | 1.9x | 11.2x | 9.4x | |||
| $316M | $28M | 1.0x | - | 11.0x | - | |||
| $79M | ($25M) | 2.2x | 2.1x | (7.0x) | 15.7x | |||
| $92M | ($11M) | 3.4x | 3.0x | (28.6x) | (47.0x) | |||
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Common questions about Mojo Vision
| When was Mojo Vision founded? | Mojo Vision was founded in 2015. |
| Where is Mojo Vision headquartered? | Mojo Vision is headquartered in San Jose, CA, United States. |
| Is Mojo Vision publicly listed? | No, Mojo Vision is a private, VC-backed company. |
| What is Mojo Vision's valuation? | Mojo Vision was last valued at $280M in its Series B in September 2025. |
| How much funding has Mojo Vision raised? | Mojo Vision has raised $362M across 8 funding rounds. |
| What was Mojo Vision's last funding round? | Mojo Vision's last funding round was a $18M undisclosed-stage round in March 2026, led by Future Ventures. |
| Who are Mojo Vision's investors? | Mojo Vision's investors include New Enterprise Associates, Dolby Family Ventures, Khosla Ventures, Fusion Fund, Liberty Global Ventures, Open Field Capital, Advantech Capital, Edge VC, AME Cloud Ventures, Motorola Solutions Venture Capital and 23 others. |
| Which companies are comparable to Mojo Vision? | Companies comparable to Mojo Vision include Vuzix, OPKIX, Pimax VR, WayRay, SEALSQ and DigiLens. |
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