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HomeBankingqiio: Secures CHF5M in First Financing

qiio: Secures CHF5M in First Financing

Date:

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

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