Jiobit
Manufacturing · Illinois, United States · 11-50 Employees
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Overview
Headquarters
30 N La Salle St Ste 2630, Chicago, Illi...Phone Number
(815) 546-6629Website
www.jiobit.comRevenue
<$5 MillionIndustry
ZI Rank: 1
Signal Type
Dec
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ZI Rank
2
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1
About Jiobit
Jiobit offers innovative GPS tracking solutions designed for kids, pets, adults, and seniors, providing real-time location alerts and safety features. The products are engineered for durability, long-lasting battery life, and include functionalities such as geofencing, location sharing, and notifications. Targeting diverse clients, Jiobit ensures users can stay connected with loved ones, whether they're children, pets, or elderly family members. With a focus on personal safety and peace of mind, Jiobit's devices are suitable for various lifestyles and needs.Explore more
Jiobit Org Chart
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Number of Employees
Type
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Founded In
Company Profile Activity
Activity Insights
Jiobit is experiencing very low activity levels compared to other companies in the Manufacturing sector.
What does this means?
Jiobit is drawing exceptional interest within the Manufacturing industry, suggesting notable developments or strong market momentum, learn more about Jiobit.
Jiobit financials insights
Gather financial insights about Jiobit, including details on funding rounds, investors, total funding, and acquisitions, to gain a comprehensive understanding of their financial strategy.
2016
Angel/Seed
$1.2M
2018
Other Financing Round
$6.5M
2020
Debt
$350K
Jiobit Tech Stack
A closer look at the technologies used by Jiobit
Most Recent Scoops
Mergers & Acquisitions (M&A)
Layoffs
Jiobit has reportedly laid off 6 employees as a result of the COVID-19 Coronavirus pandemic.
Funding
Jiobit has received an SBA PPP loan for $350,000-1 million from Park Ridge Community Bank, supporting the retention of 23 jobs.
Funding
Jiobit News & Media
Family tracking app Life360 to acquire wearable location device Jiobit for $37M
Popular family tracking app Life360 is investing in hardware. The company this morning announced the $37 million acquisition of Chicago-based Jiobit, the maker of a wearable location device designed for use by families with younger children, pets, or seniors. The $37 million is primarily in stock and debt, Life360 notes, but if certain performance metrics […]Life360 Deepens Foothold in Family Safety Space with Proposed Acquisition of Jiobit
SAN FRANCISCO--(BUSINESS WIRE)--Life360 (ASX:360) today announced the signing of a non-binding term sheet for the potential acquisition of Jiobit, the Chicago-based provider of wearable location devices for young children, pets, and seniors. The consideration for the potential acquisition is $37 million primarily in stock and debt, with the possibility that the price could increase to up to $54.5 million if certain performance metrics are achieved in the two full calendar years following compleLife360 Deepens Foothold in Family Safety Space with Proposed Acquisition of Jiobit
Life360 (ASX:360) today announced the signing of a non-binding term sheet for the potential acquisition of Jiobit, the Chicago-based provider of wearaJiobit Announces Jiobit Protect™, a Personal Safety Service with a Direct Link to 911 Dispatch Centers
CHICAGO--(BUSINESS WIRE)--Jiobit Announces Jiobit Protect™, a Personal Safety Service with a Direct Link to 911 Dispatch Centers
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Jiobit offers innovative GPS tracking solutions designed for kids, pets, adults, and seniors, providing real-time location alerts and safety features. The products are engineered for durability, long-lasting battery life, and include functionalities such as geofencing, location sharing, and notifications. Targeting diverse clients, Jiobit ensures u... Read More
