What is Jiobit?
Jiobit specializes in innovative GPS tracking solutions engineered for enhanced personal safety and peace of mind. The company's product suite is designed for diverse user groups, including children, pets, adults, and seniors, offering real-time location alerts and robust safety features. Key functionalities include geofencing, location sharing, and timely notifications, all built with durability and long-lasting battery life in mind. Jiobit's commitment to connectivity ensures users can maintain awareness of their loved ones' whereabouts, catering to a wide spectrum of lifestyles and needs.
How much funding has Jiobit raised?
Jiobit has raised a total of $8.1M across 3 funding rounds:
Angel/Seed
$1.2M
Other Financing Round
$6.5M
Debt
$350K
Angel/Seed (2016): $1.2M, investors not publicly disclosed
Other Financing Round (2018): $6.5M led by NETGEAR
Debt (2020): $350K supported by PPP
Key Investors in Jiobit
NETGEAR
NETGEAR, a prominent player in connected devices, likely provided this strategic investment to enhance its ecosystem or explore synergies within the smart home and personal safety technology sectors.
PPP
Public-Private Partnership
What's next for Jiobit?
The substantial enterprise-level funding and recent strategic investment signal a pivotal growth phase for Jiobit. This capital infusion is expected to fuel further product development, expand market reach, and enhance the company's technological capabilities in real-time location tracking and safety solutions. Jiobit is strategically positioned to solidify its leadership in the personal safety device sector, leveraging this backing to innovate and scale its offerings.
See full Jiobit company page
