Apio Systems
Mobile transportation safety platform for situational awareness.
| Date | Investors | Amount | Round |
|---|---|---|---|
$5.0m | Series A | ||
| Total Funding | 000k | ||
Apio Systems, now operating as Sfara, developed a mobile transportation safety platform. The company was founded by Sascha Simon, who served as the CEO.
The core of its offering is a purpose-built mobile application that provides drivers with enhanced situational awareness. It utilizes proprietary machine intelligence and patented algorithms that harness the sensors in smart devices like phones. The technology senses and identifies a wide range of road and driving conditions, which is then augmented with other data to deliver timely and relevant alerts. These alerts are designed to safeguard the driver, identify various road hazards, and enhance overall driving efficiency.
The platform's capabilities include detecting road conditions, traffic flows, and other impediments to ensure driver safety. On November 15, 2014, the company secured $5 million in a Series A funding round with investors including East Rock Capital, Lerer Hippeau Ventures, Transdev, and Verizon Ventures.
Keywords: mobile safety, transportation technology, driver awareness, road safety alerts, automotive sensors, machine intelligence, situational awareness, patented algorithms, driving efficiency, connected car, mobility tech, vehicular safety