Uknow.com Raises $1 Million in Seed Funding

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Center for Innovative Technology and other angels invest in the leader in Internet and mobile child safety market.

“There has been a tremendous amount of activity in this market space in terms of customer interest as well as financial investments, which bodes well for our company's future,” said Steve Woda, co-founder and CEO of uKnow.com

uKnow.com, a provider of parental intelligence systems, today announced it has raised $1 million in seed round financing from investors including the Center for Innovative Technology. This initial funding will allow the company to continue building out its robust parental intelligence platform and expand its marketing programs.

uKnow.com powers leading online child safety sites, enabling them to help parents protect their kids against online predators, sexting, and cyberbullying while also supervising their children’s digital privacy and reputation. The company’s uKnowKids service is the first offering to do more than simply show parents the messages their kids are sending and receiving; instead the service takes the vast amount of social data available online about a child and on the mobile phone, and translates it so a parent can quickly and easily understand it – and if needed – act on it.

“There has been a tremendous amount of activity in this market space in terms of customer interest as well as financial investments, which bodes well for our company's future,” said Steve Woda, co-founder and CEO of uKnow.com. “Many large companies – ranging from security companies to membership-based businesses -- are looking to extend their service offerings to the child Internet safety market, and uKnow.com can seamlessly help them do that with the most robust parental intelligence offering available today. We look forward to building on the success we’ve already had, which includes numerous white-label partnerships with leading child safety sites and almost 20,000 subscription months of the service sold to date. We see great things down the road for uKnow.com, and we appreciate our investors helping us take this first step.”

uKnow.com was developed in response to a real-life Internet predator incident that occurred with a co-founder’s child. The young teen accepted a “friend” request on the Internet from someone he did not know: a “friend” of a “friend”. Unfortunately, this “friend” turned out to be a child predator that had previously targeted and victimized a number of other kids he had “met” online. Thankfully, the child’s father discovered the ploy and worked with the police to intervene before the child was physically harmed. Fifty-one percent of teens say they have given out personal information online to someone they don't know in the offline world, according to a 2010 Harris Interactive/McAfee survey.

uKnow.com’s uKnowKids service is currently available on a subscriber basis for $9.95 per month for one child and $19.95 per month for an unlimited number of children. uKnow.com also supports third-party distribution channels and is already distributed by several white-label partners.

About uKnow.com
Founded in 2009 and headquartered in Arlington, Va., uKnow.com powers the world's leading Parental Intelligence Systems including uKnowKids.com, KidSafe.me, and SafeCyberKids.com, among others.

uKnow.com helps parents protect their kids from child predators, sexting, and cyberbullying with a special focus on the social networks and mobile phone. uKnow.com provides parents with a bird's eye view of what is going on in their child's digital world so that they can keep their finger on the pulse, and when necessary, take action to protect the safety and privacy of their kids. You can find uKnow.com on twitter, on Facebook, or follow our blog.

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Whitney Fleming
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