2016 has been a big year for Jio: They joined Catapult in January, came out of stealth mode, raised $1.2M in funding, and began the elite Chicago Techstars intensive 3-month accelerator program. And it’s only August.
Jio is building the next generation of wearables, called “invisibles,” that integrate seamlessly into clothing, textiles and apparel accessories. Their game-changing product, Jiobit, helps parents locate their children using “a nearly-invisible, self-learning location tracking wearable with a smartphone app.” Equally impressive is that it uses a low power sensor with a battery life 10x that of the closest wearable devices (you had us at “two weeks of active use on one charge”).
After founder John Renaldi experienced the panic of temporarily losing track of his young son at a crowded park, this Motorola veteran started Jio with co-founder Roger Ady in 2015. They have a strong team with an impressive roster of advisors, and continue to move forward. Their goal is to give parents peace of mind knowing where their young kids are, at the same time allowing children more freedoms.
“The Jio team was physically in our space for a relatively short time but added tremendously to the community, sharing their expertise always with a positive attitude,” said April Lane, Catapult’s Executive Director. “They will continue to be an integral part of the Catapult family, through the Founders Forum and alumni events. We wish them the best of luck in Techstars and beyond.”
"Catapult is an extremely unique environment for Chicago startups that have moved beyond ideation and who are heads down trying to grow,” said John Renaldi. “You are surrounded by a group of incredibly smart, collaborative, and supportive founders that provide a circle of trust. Everyone is in a similar stage, offering practical advice based on shared experiences, providing access to their networks, and helping with the operational elements that most founders forget about. Very few places I've seen offer a small, tight knit community that truly has your back.”