Customized Industrial IoT Integration Services Startup qiio Secures CHF 5 Million
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qiio, an ETH Spin-off focusing on edge-to-cloud industrial IoT solutions, has received a CHF 3 million loan guarantee from the Technology Fund. Together with the CHF 2 million raised from an undisclosed investor, the total CHF 5 million funding will fuel product development and market expansion.
Founded in 2014, qiio has robust development experience in IoT hardware, embedded technology and cloud services. Today, qiio offers an edge-to-cloud IoT solution that covers hardware, software, cloud and operation. Enterprises benefit from real-time information in cloud, enhanced efficiency and cost reduction. The solution provides enterprise-grade security and runs globally. To expand the market and conduct further product development, qiio has secured a CHF 5 million seed round from the Technology Fund and an undisclosed investor.Felix Adamczyk, CEO and founder of qiio, says: “The support of the Technology Fund is an important milestone for qiio. This acknowledgement proves that qiio’s business model and innovative solution brings significant impact to industries and reduces environmental impact.”
The company was part of the Swiss National Startup Team at the Venture Leaders China in 2016 and this year at the Venture Leaders Mobile.
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