IndiaCatalog.com
India News
Search Web Directory
News Home
Volvo Cars invests in VR startup Varjo Tech
Posted on 30th May 2019
Volvo Cars has made a multi-million euro investment in Varjo Technologies Oy, whose headset with screens and cameras can be used to allow engineers to test-drive cars to dodge hazards such as virtual moose.

Varjo—founded by Nokia Oyj and Microsoft Corp. alumni—has been developing an augmented-reality headset with a significantly higher image resolution than those produced by its rivals, costing $5,995 plus camera add-ons.

Backed by Skype founder Niklas Zennstrom’s Atomico and EQT Ventures, the company developed the capability to merge high-resolution video of the real world with digitally rendered objects.

“We can simulate a pedestrian or an animal walking out in front of the car, and you can use the sensors in the headset to track the eye movements of the person wearing the device," Zaki Fasihuddin, head of Volvo Cars Tech Fund said in a phone interview. “This type of technology can help us learn a lot more about how to make our products safer and more user-friendly."

Volvo has built a reputation for safety over decades, being among the first carmakers to introduce features such as three-point seat belts and side-impact protection. Its has been using the headsets to test-drive cars, adding elements such as road hazards and trialing interior design aspects.

While many of the initial promises of VR headsets for consumers have been slow to materialize, Varjo is instead targeting the professional market, with companies like Siemens AG and the US Air Force trialing the gear to develop use cases.

Volvo declined to comment on the investment size. Varjo has raised just under $50 million so far to develop the headsets, and has also worked with car companies including Audi and BMW.

Related Companies: Volvo India   

Other Latest News
India slams Pakistan over its comments on Ram Temple construction, says should be embarrassed even to mention minorities
Posted on 29th May 2020
A day after Pakistan said that the Narendra-Modi governement in India was advancing its Hindutva agenda by commencing the construction of Ram Temple in Ayodhya amid the coronavirus pandemic, India has slammed Pakistan saying that it has no locus standi on the matter.

Taking strong note of the statement, Spokesperson of the Minsitry of External Affairs Anurag Srivastava said that Pakistan should be embarassed to even mention minorities.

Wanted Jamaat-ul-Mujahideen Bangladesh terrorist Abdul Karim nabbed by Kolkata Police STF
Posted on 29th May 2020
In a successful capture, the Kolkata Police's Special Task Force on Friday nabbed Bangladesh-based terror group Jamaat-ul-Mujahideen Bangladesh’s (JMB) top operative Abdul Karim.

Also known as Boro Karim, he is next only to Salauddin Salehin in Jamaat-ul-Mujahideen Bangladesh’s terror network in India.

Drug combination of HCQ and azithromycin lethal for COVID-19 patients with cancer: Study
Posted on 29th May 2020
Cancer patients suffering from coronavirus who are being administered a drug combination of hydroxychloroquine with the antibiotic azithromycin to counter the infection are more likely to die within 30 days than those who infecteed patients who got either drug alone.

Treatment with hydroxychloroquine and azithromycin were strongly associated with increased risk of death, Dr. Howard Burris, president of the American Society of Clinical Oncology (ASCO) stated in a press conference.

'Very bad gift' from China, says Trump as death toll crosses 100,000-mark
Posted on 29th May 2020
The US President Donald Trump said on Thursday that coronavirus was a “very bad gift” from China to the rest of the world, as America surpassed the grim milestone of over 100,000 Covid-19-linked deaths.

All over the World the coronavirus, a very bad ‘gift’ from China, marches on. Not good! Trump said in a tweet.

Covid-19 impact: Auto biggies face low-liquidity risk, says study
Posted on 29th May 2020
The disruptions caused by the Covid-19 pandemic and subsequent lockdowns are leading to cash crunch in many companies.

Domestic brokerage firm Equirus has analysed companies based on the debt-to-equity ratio and debt-to-Ebitda ratio to assess companies that are at high-risk or ones that are relatively comfortable.

» Post a FREE Classified Advertisement
Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.
Jobs in India India Real Estate Automobiles Matrimonials Beauty & Fitness

Add a comment for Volvo Cars invests in VR startup Varjo Tech
Please only use this form to enter comments on the above company. All comments are reviewed before they are displayed on the web site. Not all comments may be displayed. Check back with us to see if your comments have been displayed.
If you want us to email the comments posted by users, please Subscribe by email
Name*
Comments*
Security Code*
 

Be the first person to write a business review for Volvo Cars invests in VR startup Varjo Tech

Most Read News

RBI extends loan moratorium by three more months to August 31

Mercury in Delhi crosses 45 degrees Celsius-mark, records highest temperature of season

PM Modi's economic package 'cruel joke on country': Sonia Gandhi

Chennai Police arrests DMK MP RS Bharathi for alleged hate speech, interim bail granted

Stop sending 'Shramik Special' trains till May 26: West Bengal to Indian Railways in view of Cyclone Amphan

More India News

  India Web Directory
Business Profiles
Automotive Directory
IT/ITES/BPO Directory
Hotel Directory
Health Directory
Business Directory
Gems & Jewellery
Education Directory
Real Estate Directory
Agriculture Directory
Logistics Directory
Yellow Pages
NRI Guide
Photo Galleries
Global Web Directory
*** FREE India Classifieds
Order Premium Listings
Submit a Site
Business Reviews
Home
About us
Link to us
Advertise
Contact us
Google Search Keywords: India Catalog, IndiaCatalog, India Web Directory
    © 1999 - 2020 IndiaCatalog.com
    All Rights Reserved
Privacy Statement