qiio: Secures CHF5M in First Financing
- qiio, a Zurich, Switzerland-based ETH Spin-off focusing on edge-to-cloud industrial IoT solutions, received a CHF 3m in first funding
- The Technology Fund provided a loan guarantee which, together with the CHF 2m raised from a technology investor, brought the total raised to date to CHF 5m
- Then the company intends to use the funds to accelerate product development and market expansion
- Founded in 2014 and led by Felix Adamczyk, CEO, qiio also offers complete edge-to-cloud IoT solutions
- Customers can securely connect, monitor and control through qiio IoT solutions via an online dashboard
- The solution provides enterprise-grade security and runs globally