Zurich, March 19, 2020: qiio, a company 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, it said in a press.
The real-time data provided by qiio improves the transparency of operation, independently of the industry. Felix Adamczyk, CEO and founder of qiio, said in a written statement, “The support of the Technology Fund is an important milestone for qiio. This acknowledgment proves that qiio’s business model and innovative solution brings significant impact to industries and reduces environmental impact.”
qiio AG offers complete edge-to-cloud IoT solutions including hardware, software, global connectivity, cloud services and operations. Customers can securely connect, monitor and control through qiio IoT solutions via an online dashboard. Due to the modularity of the qiio products, qiio can even provide individual solutions within eight weeks. qiio is headquartered in Zurich, Switzerland.
The Technology Fund offers loan guarantees to Swiss companies whose novel products contribute to a sustainable reduction in greenhouse gas emissions.
Image credit: qiio