At its height, Finland’s mobile giant Nokia made up 4% of the country’s economy and had over 40% of the world mobile phone market. Nokia’s break-up after the world financial crisis was a shock to the country. Microsoft, which bought Nokia’s mobile phone business in 2014, ultimately sold the brand. But the downfall of the mobile phone giant left a unique and highly concentrated and deep pool of world-class European talent with experience solving problems in both hardware and software. Some went on to help create some of the world’s most famous gaming companies such as Rovio and Supercell. And a few decided they wanted to revolutionize industry with virtual reality.   This last group, Niko Eiden, Urho Konttori, Klaus Melakari, and Roope Rainisto, all had worked at both Nokia and Microsoft on everything from operating systems, optics, user experience, and design. This exceptionally talented technical team believed that enterprises would be using VR and mixed reality (XR) as normally as they currently use screen displays today, and had a vision to create the platform for multimedia interaction.  Thus they created Varjo.   Varjo founders (clockwise from top left): CEO Urho Konttori, CTO Klaus Melakari, Head of BD Niko Eiden […]

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    Manufacturing is a $12tn sector globally, accounting for 17% of global GDP, yet remains largely untouched by the kind of digital technology-enabled transformation that has fundamentally reshaped other global sectors of equal size. As a result, today’s manufacturing industry is also plagued with inefficiencies as high as 30 – 60 percent.   At Atomico, our thesis is that this is all about to change. We believe that the global manufacturing industry is on the brink of a new machine age; one in which the industrial Internet of Things (IIoT) and cloud analytics, coupled with machine learning and artificial intelligence, are set to transform existing production processes, slash waste, drive incredible efficiencies and increase output. The adoption of data analytics, in particular, to drive efficiencies combats the shortage of in-house data engineering talent and lengthy project roll-outs.   More broadly, our firm-wide thesis is that we exist to find the next generation of world-leading companies, led by exceptional founders, at Series A and beyond. Founders who are keen to reshape the world, or an entire industry, in favour of something better for everyone. Our job is to help accelerate the process of turning those founder’s visions into reality.   […]

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