AI personal assistant startup Ario raises $16 million, aims to democratize digital helpers

by | Jun 27, 2024 | Technology

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Ario, a startup developing an AI-powered personal assistant, announced today it has raised $16 million in funding to build what it calls “universal basic AI” — technology that aims to provide everyone with the equivalent of a digital personal assistant.

Founded by cybersecurity veterans, Ario is taking an unconventional approach in an increasingly crowded field of AI assistants. Rather than focusing solely on conversational abilities, the company is leveraging its founders’ background in data security to help users aggregate and make use of their personal data scattered across various online services.

“We’re using our 10 years of work at our prior company, which was in the business of preventing data from flowing out of every large bank, hotel, airline and e-commerce website in the United States,” said Sumit Agarwal, Ario’s founder and CEO, in an interview with VentureBeat. “We’re using all of those lessons and we’re reversing them.”

From data security to data liberation: Ario’s unique approach

Ario’s first step is to help users collect their own data from major consumer websites and services — a process Agarwal describes as “adversarial ETL” (extract, transform, load). This data forms the basis for a highly personalized assistant.

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Don’t miss OpenAI, Chevron, Nvidia, Kaiser Permanente, and Capital One leaders only at VentureBeat Transform 2024. Gain essential insights about GenAI and expand your network at this exclusive three day event. Learn More

Ario, a startup developing an AI-powered personal assistant, announced today it has raised $16 million in funding to build what it calls “universal basic AI” — technology that aims to provide everyone with the equivalent of a digital personal assistant.

Founded by cybersecurity veterans, Ario is taking an unconventional approach in an increasingly crowded field of AI assistants. Rather than focusing solely on conversational abilities, the company is leveraging its founders’ background in data security to help users aggregate and make use of their personal data scattered across various online services.

“We’re using our 10 years of work at our prior company, which was in the business of preventing data from flowing out of every large bank, hotel, airline and e-commerce website in the United States,” said Sumit Agarwal, Ario’s founder and CEO, in an interview with VentureBeat. “We’re using all of those lessons and we’re reversing them.”

From data security to data liberation: Ario’s unique approach

Ario’s first step is to help users collect their own data from major consumer websites and services — a process Agarwal describes as “adversarial ETL” (extract, transform, load). This data forms the basis for a highly personalized assistant.

Countdown to VB Transform 2024

Join enterprise leaders in San Francisco from July 9 to 11 for our flagship AI event. Connect with peers, explore the opportunities and challenges of Generative AI, and learn how to integrate AI applications into your industry. Register Now

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