Varjo

Military-grade VR/XR headsets and simulation-training solutions, in use across 100+ defence and aviation programmes worldwide; deliveries to the Ukrainian Armed Forces include counter-drone and battle-tank training simulators. €44M R&D programme for next-generation XR training (10/2025, incl. €12M Business Finland). 98% of revenue from exports. Industrial XR remains a second market. Dual-use.

The row

Sector

Defense & Dual-use

Stage

Scaled — International revenue over EUR 20M and not declining

Location

Helsinki

Founded

2016

Business ID

2773901-6 · Finnish trade register

Funding

~$160M total (2022, VC)

Links

Where this sits on the map

Varjo is one of 9 companies in Defense & Dual-use. The others:

How this row was decided

Every row on this map is checked by hand against the trade register and the company's own material, and placed in the sector that best describes its business or its technology. Service firms and consultancies are left out, however advanced the technology they work with — the test is where the revenue comes from. Only funding figures the company or its investor has published are shown. The full rules are on the landscape ↗