The round was led by NRV, a venture capital firm based in Richmond, focused on providing advice, connections and capital to growing companies in the Commonwealth. Ario was also granted $1 U.S. Air Force grant of 5 million SBIR, bringing a total of $3 5 million new funding for the company
“The seasoned Ario team has built a software solution that addresses 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 workers’ productivity. “That’s right.
Investment will make it possible for Ario Technologies, Inc. To further capitalize on its position as an emerging leader in the AR business sector, both in the United States and internationally, where companies are striving 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’re excited to deliver our augmented reality platform to eager hands,” said Joe Weaver, co-founder and Chief Executive Officer of Ario Technologies, Inc.
Ario Technologies, Inc. It continues to expand its market traction, and continues to iterate on its product offerings.
“We’re really focused on the point where human performance and situational awareness meet and increase the value of that moment by leveraging augmented reality,” said Nate Fender, co-founder and chief operating officer of Ario Technologies, Inc.
About the firm
Ario Technologies, Inc. was founded in 2016. Set up to empower the industrial workforce by providing enhanced reality software tools Having seen an increase in demand for the Ario Platform, Fortune 500 companies and recently the United States Air Force, the company plans to expand its offering globally by the end of 2019.
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