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FinTech Series B Founded 2015

QiO

QiO Technologies is a provider of AI-driven building energy and asset management software solutions, delivering autonomous optimization for energy-intensive industrial operations. The company's flagship product, Foresight, is a fully autonomous AI-powered technology that connects directly to asset control systems, sensors, and applications, capturing raw data and transforming it into a precise fingerprint of…

📍 Farnborough, United Kingdom · Investment Tech,

Funding snapshot

Last roundSeries B
Amount$10M
Date16 February 2023
Total raised$10M
Team size28

About

QiO Technologies is a provider of AI-driven building energy and asset management software solutions, delivering autonomous optimization for energy-intensive industrial operations. The company's flagship product, Foresight, is a fully autonomous AI-powered technology that connects directly to asset control systems, sensors, and applications, capturing raw data and transforming it into a precise fingerprint of industrial processes. Foresight makes hundreds to thousands of micro closed-loop adjustments per day, optimizing asset processes for peak performance without requiring operator intervention. The platform serves energy-intensive industries including brick manufacturing, glass, metal, ceramics and tile, paper, and food and beverages, providing kiln control optimization, furnace control optimization, dryer monitoring, predictive monitoring, and real-time dashboards for energy, cost, and emissions visibility. QiO also offers ServerOptix for data center energy optimization. The platform can be deployed on-premises or in the cloud, plugging into existing plant control systems with no major changes needed. Proven results include full ROI within weeks, 10 to 11 percent reduction in energy use, and over 12,000 tonnes of carbon saved annually for a major UK brick manufacturer. Founded in 2015 and headquartered in Farnborough, United Kingdom, the company has raised $10.0M in Series B funding from investors including WAVE Equity Partners, Ventura Capital, Varney Corp, British Business Bank, Cloudgrove, and Lloyd's Register.

Business model

Manufacturing Tech > Enterprise Asset Management > Maintenance Management > Asset Monitoring,

Investment Tech > Alternative Investment Platforms > Asset Tokenization Platforms > Renewable Energy,

Renewable Energy Tech > Horizontal > Portfolio Management Software,

Air Pollution Management Tech > Emission Management > Control > Industrial

Institutional investors

WAVE Equity Partners Ventura Capital Varney Corp British Business Bank Cloudgrove Lloyd's Register Mark Glatman Accumulation And Maintenance Richard M Cashin Tan Tong Hian Mohammed El Husseiny Rosemary Leith Mark Glatman Tim Berners Lee Alisdair Haythornthwaite Sophia Birch

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