Apio Systems Completes $5M Series A Financing

apio systemsApio Systems, a Crystal City, Virginia and Warwick, New York-based provider of a mobile transportation safety platform, completed a $5m Series A financing.

The round was led by Verizon Ventures, with participation from Lerer Hippeau, Transdev and East Rock Capital.

The company has raised more than $6m to date.

Led by Sascha Simon, founder and CEO, Apio Systems provides a purpose-built mobile platform to improve driving safety. The patent-pending proprietary technology leverages sensors in smart devices to sense and identify a broad range of road and driving conditions, augmented by other data, to deliver real-time, relevant alerts to drivers to become aware of their driving environment, avoid problems, improve safety, and enhance efficiency.




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