Jiobit, a Chicago-based provider of wireless location-based technologies, today announced it has closed a $6.5M investment round from leading technology veterans alongside a strategic investment from California-based NETGEAR, a worldwide leader in home networking. Jiobit will be leveraging the new capital to accelerate the growth of sales and marketing, R&D efforts, as well as expanding their IP portfolio. Founded by ex-Motorola executives John Renaldi and Roger Ady in 2015, Jiobit has raised a total of $11M to date.
Jiobit is a fully connected cellular device. When you purchase a Jiobit, you subscribe to our network which allows you to securely and accurately track your child in real-time at any distance almost anywhere in the world. In order for us to deliver this type of service to our customers we have to purchase data, similar to your cell phone carrier. Hence the monthly subscription.
For the last year, thousands of families have begun using Jiobit and loving the peace of mind it brings. A day doesn't go by that we don't hear a story about a parent stressing less about their day, about a missing bus, or even an avoided emergency. Here's what some Jio-Families are saying.
Jiobit has been selected as one of this year's Chicago Innovation Award winners. This exciting honor comes just after the team has secured three patents for their location tracking technology.
Tech startup Jiobit has built the world’s smallest and longest lasting location tracker for kids, giving modern parents much needed peace of mind when it comes to their child’s safety. After two years of R&D and field trials with thousands of parents, the Chicago-based business has officially launched the location tracker in time for Mother’s Day and summer vacation.
After months of beta testing and customer feedback, we've worked quickly to develop a new product that meets a need our users have identified. Introducing Jiobit for Bunnies. "I'm hopping with excitement to announce our latest product," said CEO John Renaldi. "Rabbit owners have a problem to solve, and we've decided to burrow it."
Jiobit was featured on Gimlet Media's The Pitch. Take a listen!
