Livio, a Metro-Detroit-based manufacturer and developer of connected car products and smartphone app connectivity solutions, has closed its Series C financing of undisclosed amount.
Backers include Beringea, Western Technology Investment, Angel Street Capital, North Coast Technology Investors, Invest Detroit’s First Step Fund, and various angel investors.
Led by Jake Sigal, founder and CEO, Livio provides The Livio Connect API (www.LivioConnect.com) that enables users to control smartphone apps through the physical buttons on enabled car stereos and consumer electronics. This technology allows for more infotainment options, less work for consumers to use them and less work for automotive OEM’s and consumer electronics manufacturers to integrate them. The API can also be found inside the Bluetooth Internet Radio Car Kit available at Walmart.
FinSMEs
15/08/2012