Helsinki, Finland – March 18, 2025 — Varjo, the global leader in industrial-grade virtual and mixed reality hardware and software, is proud to have been named to Fast Company’s prestigious list of the World’s Most Innovative Companies of 2025. This year’s list shines a spotlight on businesses that are shaping industry and culture through their innovations to set new standards and achieve remarkable milestones in all sectors of the economy.

“Varjo is redefining how professionals train and operate in mission-critical environments where precision and realism are paramount,” said Timo Toikkanen, CEO of Varjo. “This recognition from Fast Company reinforces our commitment to pushing the boundaries of XR technology to enable defense, aviation and industrial leaders to train more effectively, reduce costs, and enhance real-world preparedness.”

Varjo continues to lead the way in high-fidelity mixed reality solutions that make virtual training seamless. With its latest XR-4 Series, Varjo introduced gaze-directed autofocus cameras, making it the first XR headset to mimic human vision. Varjo’s latest-generation advancements are revolutionizing defense and aviation training, allowing pilots and operators to interact seamlessly with real-world controls in an immersive digital environment. Additionally, Teleport by Varjo, a scan-to-VR solution, enables users to create and explore photorealistic digital twins of real-world locations instantly using AI-powered 3D gaussian splatting, removing traditional barriers to high-fidelity immersive computing.

Varjo is now an essential partner for 19 of the 20 largest global defense and aerospace organizations, playing a critical role in modernizing training. It became part of the first-ever FAA-certified XR-based pilot training solution and was deployed in the first F-16 training simulator for Ukraine, equipping pilots with essential combat readiness in high-stakes scenarios. As defense and aviation leaders rapidly transition to synthetic training environments, Varjo’s solutions are setting a new standard for safer, more cost-effective, and scalable training worldwide. 

The World’s Most Innovative Companies stands as Fast Company’s hallmark franchise and one of its most anticipated editorial efforts of the year. To determine honorees, Fast Company’s editors and writers review companies driving progress around the world and across industries, evaluating thousands of submissions through a competitive application process. The result is a globe-spanning guide to innovation today, from early-stage startups to some of the most valuable companies in the world. 

“Our list of the Most Innovative Companies offers both a comprehensive look at innovation today and a playbook for the future,” said Fast Company editor-in-chief Brendan Vaughan. “This year, we recognize companies that are harnessing AI in deep and meaningful ways, brands that are turning customers into superfans by overdelivering for them, and challengers that are introducing bold ideas and vital competition to their industries. At a time when the world is rapidly shifting, these companies are charting the way forward.” 

The full list of Fast Company’s Most Innovative Companies honorees can now be found at fastcompany.com. It will also be available on newsstands beginning March 25. 

About Varjo:

Varjo is the world-leading provider of enterprise virtual and mixed reality solutions, delivering the highest levels of immersion, performance, and security for the most demanding industrial customers globally. Used by over 25% of the Fortune 100 to transform how they operate, we are known for virtual and mixed reality that look and feel as real as the real world, allowing training astronauts and fighter jet pilots, designing cars, and conducting pioneering medical research across virtual environments.

Varjo’s hardware and software solutions integrate with the world’s largest ecosystem of professional 3D software, image generators, and advanced simulator hardware. With Varjo’s offering, including the latest XR-4 Series and the government-compliant XR-4 Secure Edition, professionals can recreate the exact feeling and conditions of real life in 3D, allowing them to work faster, better and more cost effectively.