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Ario Raises $16 Million to Tackle Invisible Labor with AI

Ario Raises $16 Million to Tackle Invisible Labor with AI

June 26, 2024 Craig Etkin

Funding led by Floodgate will enable new data connections to increase Ario’s level of assistance

June 26, 2024 08:00 AM Pacific Daylight Time

PALO ALTO, Calif.–(BUSINESS WIRE)–Ario, the AI-powered assistant for parents, today announced $16 million in seed funding from top-tier investors including Wing Venture Capital, Floodgate, Bain Capital Ventures, Moxxie, and prominent angels.

“For years, consumers have had to choose between product functionality and maintaining data ownership”Post this

American parents spend hours per week managing their households, from meal planning for the family to scheduling playdates for their kids. Ario is on a mission to offload this invisible labor by understanding the personal context of a task and then taking intelligent actions to save parents precious time.

“Ario is building the AI personal assistant that real families need; hyper personal, pro-active and focused on bringing real, practical value to users,” said Floodgate founder Mike Maples. “With this investment we’re excited to see how this world-class team will unlock additional value for users, with more data integrations enabling increasingly nuanced custom recommendations and high-impact features laser-focused on freeing up parents’ time.”

Starting today, beta access is available to anyone. Ario takes personalized, intelligent action because it allows users to connect to the apps they use every day. If a user adds their Amazon, DoorDash, Google Calendar, and/or X (Twitter) accounts, Ario builds out a rich understanding of a user’s lifestyle, preferences, and routines to provide more time savings.

Ario can:

  • Add an entire school schedule to the user’s Google Calendar from a single photo
  • Identify schedule conflicts between a work meeting and a child’s soccer practice, and suggest solutions
  • Remind users when their Amazon return is due and create personalized recommendations based on shopping habits
  • Create a custom vacation itinerary, factoring in context like a child’s nap windows and developmentally appropriate activities
  • Provide personalized restaurant recommendations and meal planning tips based on recent DoorDash orders

Critically, Ario takes a novel promise and approach to data; Ario enables users to access their own data from other platforms in minutes, and ensures users remain in full control when adding their data. Unlike other tools that sell user data to third parties or advertise on it, Ario helps users access their own data and exercise true data portability. When users connect apps to their Ario account, Ario does not claim ownership over that data. Furthermore, users can access their own data from other platforms in minutes, instead of completing the platforms’ own laborious “data access” requests, which take days and several steps.

“For years, consumers have had to choose between product functionality and maintaining data ownership,” said Sumit Agarwal, CEO and cofounder of Ario. “Ario is built in a way that will actually save people from the burden of life admin without sacrificing control.”

Ario’s leadership team is composed of experts in data privacy, cybersecurity and consumer products. Cofounder Sumit Agarwal was previously cofounder at Shape Security (acquired by F5), which protects B2C applications from automated fraud attacks, where Ario cofounder Mengmeng Chen also held a leadership role. Ario recently expanded its team with leaders from top consumer companies, such as Netflix and Uber, as well as Amazon’s Alexa and Microsoft’s Copilot and Turing teams.

Ario is currently available on iOS with Android coming soon. To learn more about the company and product, visit heyario.com.

About Ario

Ario is an AI life assistant that takes care of mundane tasks, giving time back to busy people. Ario connects with apps you use every day like Google Calendar, Amazon and DoorDash to reduce time spent on ongoing tasks like scheduling, anticipate needs for one-off tasks like returning items to a store, and provide personalized recommendations that reduce the amount of research required for purchase and travel decisions. Ario is headquartered in Palo Alto, California and is backed by leading investors such as Floodgate, Wing Venture Capital, Bain Capital Ventures and Moxxie. Learn more at heyario.com or download the iOS app.

Contacts

JJ Ackles
hello@heyario.com

(c)2024 Business Wire, Inc., All rights reserved.


Venture Capital
Ario, Business Wire, California, Palo Alto, Venture Capital

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MIND, the upcoming leader in data loss prevention, today announced $30M Series A funding, just seven months after emerging from stealth, led by Paladin Capital Group and Crosspoint Capital Partners with participation from Okta Ventures and existing investor YL Ventures. This round brings MIND’s total funding to over $40M and will fuel MIND’s strategic growth and enhance its data security platform capabilities. In the past seven months, MIND has achieved 500% customer growth, gained significant traction among Fortune 1000 companies, prevented sensitive data loss across hundreds of thousands of endpoints through its proprietary endpoint agent and delivered immediate value by protecting the sensitive data of leading enterprises.

In a statement Eran Barak, Co-Founder and CEO of MIND said, “MIND was founded to help organizations thrive in the AI era and navigate the exponential growth of sensitive data in complex IT environments.” “Our rapid growth reflects a clear market shift toward smarter, faster and fully automated approaches to DLP and insider risk. This funding validates both our product and the market demand. With the backing of our new investors, each bringing deep expertise in data security, we’re positioned to revolutionize the DLP category, empower secure innovation and double our R&D and go-to-market teams by year’s end.”

MIND is on a mission to help organizations thrive in a digital world in the AI era by protecting their most sensitive data, mitigating risks and preserving brand reputation. MIND is the first-ever data security platform that puts data loss prevention and insider risk management programs on autopilot to deliver both data security posture and data loss prevention. The company enables businesses to mind what really matters—their most sensitive data. Founded and led by cybersecurity leaders and industry veterans, MIND is based out of Seattle Washington.
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TAE Technologies, the leading fusion energy company developing the cleanest and safest approach to commercial fusion power, today announced that it has raised more than $150 million in its latest funding round, exceeding the company’s initial target for the round. Chevron, Google and NEA participated in the round, among other new and existing investors. TAE has the option to raise additional capital as part of this funding round. With more than $1.3 billion in equity capital raised since inception, this latest fundraise further validates TAE’s distinctive approach to commercial fusion.

In a statement Michl Binderbauer, CEO of TAE Technologies, said: “Fusion has the potential to transform the energy landscape, providing near-limitless clean power at a time when the world’s energy needs are growing exponentially due to the growth of AI and data centers. TAE’s technology uses the soundest physics to deliver superior performance in a compact machine, with attractive economics and best-in-class maintainability. We are leading the charge to develop revolutionary fusion technology for full-scale commercial deployment.”

TAE was founded in 1998 to develop commercial fusion power with the cleanest environmental profile. The company has established itself as a leader in an industry that has the potential to transform the energy economy. Since 2014, TAE and Google Research have worked together to accelerate fusion science using cutting-edge machine learning. Google engineers worked onsite at TAE facilities to co-develop advanced plasma reconstruction algorithms, leading to significantly improved plasma lifetime and performance. Fusion is nature’s preferred source of energy. It is the same process that powers the sun and stars, and it is what makes life viable on Earth. When lighter elements fuse under immense heat and pressure, they form new elements and release a tremendous amount of energy. This process is safer than conventional nuclear power because fusion can be stopped at any time – eliminating the risk of a power plant meltdown. TAE remains singularly committed to advancing the frontiers of science and innovation to benefit humanity. With a steadfast resolve to redefine the energy landscape, TAE Technologies is at the forefront of the fusion revolution, poised to usher in a new era of sustainable and limitless power generation for a better tomorrow.
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Joby Aviation, a company developing electric air taxis for commercial passenger service, announced the successful closing of the first $250 million tranche of a previously announced strategic investment from Toyota Motor Corporation. The funding marks a significant milestone in strengthening the long-term collaboration between the two companies and supports their shared vision for the future of air mobility. The investment is aimed at supporting certification and commercial production of Joby’s electric air taxi. This underscores the mutual commitment to deepening integration and delivering next generation travel to global markets. This investment also puts the two companies a step closer toward a strategic manufacturing alliance.

In a statement JoeBen Bevirt, founder and CEO of Joby said, “We’re already seeing the benefit of working with Toyota in streamlining manufacturing processes and optimizing design.” “This is an important next step in our alliance with Toyota to scale the promise of electric flight. With this capital and Toyota’s legendary production expertise, we’re enhancing our ability to scale cutting-edge design and manufacturing to meet the demands of our partners and customers.”

Joby Aviation is a California-based transportation company developing an all-electric, vertical take-off and landing air taxi which it intends to operate as part of a fast, quiet, and convenient service in cities around the world. Powered by six electric motors, their aircraft takes off and lands vertically, giving it the flexibility to serve almost any community. Flying with Joby might feel more like getting into an SUV than boarding a plane. The company's aerial ridesharing service will combine the ease of conventional ridesharing with the power of flight. A green alternative to driving that's bookable at the touch of an app. With more than 30,000 miles flown on full-scale prototype aircraft, their aircraft is designed to meet the uncompromising safety standards set by the FAA and other global aviation regulators. Joby Aviation is now engaged in a multi-year testing program with the FAA to certify their vehicle for commercial operations, and have completed the first three of five stages.
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