Fundraising, New Info on Jiobit, and Register for FREE Service
Exciting news coming in all places today. We’re thrilled to announce that we’ve raised $1.2M, which will fuel engineering, manufacturing, and marketing of Jiobit - targeted for pre-sale later this year.
Investors include industry notables like Lior Ron, previously of Google and now cofounder of Otto, Jim Wicks, who was most recently the SVP of Design at Motorola, Tyler Hall, VP at SmartThings/Samsung as well as several well known advisors.
We’re also a proud new member of Techstars, a mentorship-driven accelerator program. Techstars has a proven record of supporting startups as they launch, and we’re excited to work with them.
Today we’re also unveiling a little more about the product.
A first of its kind location-based, low power platform
Jiobit will use technology to solve real life problems, starting with keeping parents and kids connected. First up is solving a common problem that many parents struggle with: How do I give my kids freedom to explore, learn and grow, without worrying constantly. How can I have peace of mind without hovering over them every minute?
We’ve created a first of its kind location-based machine learning and low power sensor platform, enabling discreet technology without sacrificing battery life. That means that this small wearable can blend into children’s everyday clothing and accessories while lasting over a week without charging.
Through a wireless subscription service, Jiobit operates on a cloud platform that offers the most comprehensive set of monitoring and notification features available on the market.
"We see tremendous growth in technologies that help modern, tech savvy parents", said Troy Henikoff, Managing Director of Techstars. "Jio is developing a unique solution to a real problem, with technology that has implications across multiple categories."
One of our advisors and board members, Lior Ron, agrees that this need exists: “We are surrounded by technology, but it’s not helping us with what we care about most - our kids. The bar is very high. We need seamless technology and a fully integrated solution to truly resonate. John's vision, leadership and team puts Jio in a position to lead the next wave of wearable technology.”
All this said, long lasting battery life and simple integration into our clothing is just the beginning. This is disruptive technology that will affect products for kids, adults, and other tangential spaces alike in the very near future.
For a limited time, register for 1 year of FREE service
Plenty more updates are coming soon, including how and when you can pre-order. Sign up to stay in touch, and by doing so, you’ll also receive a voucher for a FREE full-year of our Jio subscription service, when it launches later this year.
- The Jio Team