Jiobit is developing a location machine-learning platform that pairs a discreet, low-power wearable with a companion mobile application. The device can be clipped to a child’s clothing and promises more than a week of battery life while continuously transmitting location data. Its subscription service layers cloud-based monitoring, alerts, and notifications so parents can stay connected in real time. The company leverages ultra-low-power sensors and proprietary algorithms to minimize energy consumption and maximize location accuracy. Funds are currently being directed toward finalizing engineering, tooling up manufacturing, and launching marketing efforts ahead of a planned pre-sale later this year. Founder John Renaldi is positioning the product to appeal to safety-conscious families and to build a recurring revenue stream through the wireless subscription. Financial details beyond the recent seed raise have not been disclosed, and no user or revenue metrics were provided in the article.

Total raised

$11M

Funding rounds

3

Latest round

Equity

Latest activity

Nov 2018