Back to Blog

Ario Technologies, Inc. Increases Seed Funding to $2 Million

Nate Fender

NORFOLK, Va., Aug. 26, 2019 /PRNewswire/ -- Ario Technologies, Inc., creators of Ario, an augmented reality (AR) software-as-a-service (SaaS) platform, announced today that it has closed a $2 million venture round led by NRV, a Richmond-based venture capital firm focused on providing counsel, connections and capital to growing companies in the Commonwealth.  Ario has also been granted a $1.5 million SBIR grant by the United States Air Force bringing a total of $3.5 million of new funding to the company.

"The seasoned Ario team has built a software solution that solves important needs in our most important industries," said Scott Tolleson, managing director of NRV and incoming Chairman of Ario. "As augmented reality applications become more mainstream, Ario has found a way to deploy them in ways that radically increase worker productivity."

The investment will enable Ario Technologies, Inc. to further capitalize on its position as an emerging leader in the enterprise AR industry, in the United States and internationally, where companies strive to increase worker efficiency, reduce training time, and provide remote-expert assistance.

"Our team is focused on reducing the skills gap across the workforce and we are excited to deliver our augmented reality platform to eager hands," said Joe Weaver, co-founder and chief executive officer of Ario Technologies, Inc.

While Ario Technologies, Inc. continues to expand their market traction, it is also continuing to iterate on its product offerings.

"We're really focused on the point where human performance and situational awareness meet and increasing the value of that moment by leveraging augmented reality," said Nate Fender, co-founder and chief operating officer of Ario Technologies, Inc.

About the Company

Founded in 2016, Ario Technologies, Inc. set out to empower the industrial workforce by providing augmented reality software tools. Having seen an increase in demand for the Ario platform, from Fortune 500 companies and recently the United States Air Force, the company plans to expand its offering globally in late 2019.

Recent Awards

American Electric Power IlluminationLab: Pitch Day 2019 Winner
Plug and Play Tech Center: Energy & Sustainability Batch #5 Participant 2019
NATO:
NATO Innovation Challenge Winner 2018
Plug and Play Tech Center:
IoT People's Choice Award, Summer Summit 2018
HRIC: Emerging Augmented Reality Product of the Year (2018)
Established: Top 5 Startup of the Year (2018)

Share on social media: 

More from the Blog

Dear Dictionary, We've Got a Word for You

The Oxford English Dictionary is the queen bee of dictionaries, the A-list gatekeeper who decides which words make it and which words bury and die under incoming novelty. So dear Oxford, we’d like to throw our hat into the ring for the Oxford’s New Words List 2020.

Read Story

The Mysterious 5G

We don’t know if you’ve heard, but we won first place in the Verizon “Built on 5G Challenge” to prepare our product on Verizon’s 5G Ultra Wideband. Thank you, yes, we are thrilled. Yet when we told our family and friends, we promptly discovered most people do not really know what 5G means. We played our own version of MythBusters, and asked friends in the coworking space a few questions about the mysterious 5G.

Read Story

A Green Office Challenge: Ruminations Post-Distributech

The theme of Distributech this year was clean energy and decreasing the utility industry’s carbon footprint. A few Ario team members attended the conference in San Antonio, Texas, to show off our platform and observe innovations in electricity transmission and distribution, particularly those advancements addressing climate change. The trip allowed us to reflect on our energy consumption at Ario and how we reduce our carbon footprint.

Read Story

Never miss a minute.

Want to keep up to date with the latest and greatest from Ario? Subscribe to our newsletter.
We will never share your email address with third parties.