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.
The company intends to use the funds to accelerate product development and market expansion.
Founded in 2014 and led by Felix Adamczyk, CEO, qiio 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. The solution provides enterprise-grade security and runs globally.