Tech Company Financing Transactions
QiO Technologies Funding Round
QiO Technologies secured a $10 million Series B funding round on 2/16/2023. Investors included Wave Equity Partners.
Transaction Overview
Company Name
Announced On
2/16/2023
Transaction Type
Venture Equity
Amount
$10,000,000
Round
Series B
Investors
Wave Equity Partners (Lead Investor)
Proceeds Purpose
The company intends to use the funds to expand its operations in USA and Europe, enhance the capabilities of its Foresight Sustainability Suite, and accelerate customer acquisition in sectors which face the challenges in achieving net zero GHG emissions.
Company Information
Company Status
Private & Independent
Industry
Artificial Intelligence
Mailing Address
Abbey House 282 Farnborough Road Farnborough
Hampshire, GU14 7NA
UK
Hampshire, GU14 7NA
UK
Phone
Website
Email Address
Overview
QiO Technologies is an AI sustainability tech start-up which supports energy-intensive businesses to deliver rapid reductions in greenhouse gas emissions (GHG) and energy costs. QiO developed its Foresight Sustainability Suite� in response to the difficulties faced by industry in leveraging large, disparate sources of operational data to reduce GHG emissions and improve operational efficiency. By applying its AI optimisation technology in sectors ranging from automotive, steel, glass, cement, oil & gas, data centers and telecoms, Foresight Sustainability Suite� has delivered up to 20% savings on energy and maintenance costs and reduced GHG emissions by up to 10%.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chairman
Rick Haythornthwaite
Chief Executive Officer
Rajan Pandhare
Chief Technical Officer
Gary Chandler
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We report on every notable VC transaction. VC investment data records reported here are sourced from publicly available VC deal announcements. The data is sourced from VentureDeal.com, an affiliated venture.
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