425.395.8685 contact@rjshara.biz
Family tracking app Life360 to obtain wearable area device Jiobit for $37M

Family tracking app Life360 to obtain wearable area device Jiobit for $37M

by | Apr 27, 2021 | Fundings and Exit, Startups

Popular family tracking app Life360 is purchasing hardware. The business today announced the $37 million acquisition of Chicago-based Jiobit, the maker of a wearable location gadget designed for use by families with younger seniors, children, or pets. The $37 million is mainly in stock and debt, Life360 notes, however if particular efficiency metrics […] Life360 pictures adding the Jiobit to its existing household safety membership, allowing family members and animals with the device connected to show in the Life360 mobile app’s map interface, alongside other family members. Life360’s paid users(Premium members) would get a reduced Jiobit along with their membership.”We have actually long wanted to expand beyond the mobile phone into wearable devices, and Jiobit provides the market leading device for family pets, younger kids, and seniors,”said Chris Hulls, CEO and co-founder of Life360, in a statement about the deal.” With Jiobit, Life360 would be the market leader in both hardware and software products for households once the offer closes. …

Jiobit launches an improved variation of its kid (or family pet) tracker, the Jiobit Next

Jiobit launches an improved variation of its kid (or family pet) tracker, the Jiobit Next

by | Feb 8, 2021 | Startups

A Chicago-based startup, Jiobit, wished to make a much better kid location tracker than the large smartwatches and other insecurely created items currently on the marketplace. In 2018, it introduced its own modular kid tracker — — a small dongle of sorts that could be tied to shoelaces, belt loops, or school knapsack. Today, […] The new Jiobit is likewise water resistant (IPX8) up to 5 feet of water for up to 30 minutes and consists of an alert button that immediately alerts loved ones that the user is lost or in danger. Jiobit owners can continue to keep track of the gadget through the app or now, a web app that includes notifying and alert controls. The original idea for Jiobit had actually come about due to the fact that creator John Renaldi, a previous VP at Motorola, was surprised to find that the majority of kid trackers on the market were strong their certificate secrets in the clear and were hackable. The new Jiobit Next will work just within the U.S., while the First generation works globally across 146 countries. …