Tech Company Financing Transactions
Ario Funding Round
Ario secured a $16 million Seed venture capital round on 6/26/2024. Backers included Bain Capital Ventures, Floodgate Fund and Moxxie.
Transaction Overview
Company Name
Announced On
6/26/2024
Transaction Type
Venture Equity
Amount
$16,000,000
Round
Seed
Proceeds Purpose
The company intends to use the funds to expand operations and development efforts.
Company Information
Company Status
Private & Independent
Industry
Software
Mailing Address
3428 South Court
Palo Alto, CA 94306
USA
Palo Alto, CA 94306
USA
Phone
Undisclosed
Website
Email Address
Overview
Authors, scientists, and technologists have dreamed for decades of "intelligent computers that help people". These dreams are now within reach, thanks to generative AI. Ario is building consumer-grade, general-purpose AI assistants for everyone. This is a huge task and will take many years to accomplish. We can break this vision down into components, but first let us share our intended end result: Ario's ultimate product goal is to turn the extraordinary "surplus" created by Gen AI into something very concrete: One full day of free time for every human on earth.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Sumit Agarwal
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