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Helping Energy-Intensive Businesses Reduce Greenhouse Gas Emissions And Energy Costs, Qio Raises $10 Million

PRIVATEFeb 16, 2023

Amount Raised

$10 Million

Round Type

Funding Round

EnergyOil And GasRenewable Energy

Investors

Wave Equity Partners

Description

Just outside the M25 and a half an hour's drive south of Windsor Castle, there’s an AI-driven startup that’s working on saving the planet. For all of us. Starting with providing energy-intensive businesses solutions that they can implement practically overnight that deliver rapid reductions in greenhouse gas emissions (GHG) and energy costs.

Quick answer

QiO raised $10 Million in a Funding Round round, dated February 16, 2023. Investors: Wave Equity Partners.

How much did QiO raise?
QiO raised $10 Million in a Funding Round round on February 16, 2023.
Who invested in QiO?
Wave Equity Partners is named as investors in this round.
What does QiO do?
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.

Source: Fundz verified event record.

Who else raised in Energy and Oil And Gas around the same time

Companies in the same sectors as QiO that raised within 45 days of this round, from Fundz verified event records.

  • Modern Hydrogen raised $33M on March 14, 2023.
  • W2E CLEANTECH ENERGY raised an undisclosed amount (Funding Round) on March 9, 2023.
  • Bioreactor raised an undisclosed amount (Pre-Seed) on March 5, 2023.
  • Twenty20 Energy raised an undisclosed amount (Private Equity) on March 3, 2023.
  • Black Hills Corporation raised $350M (Debt Financing) on March 2, 2023.
  • NovoHydrogen raised an undisclosed amount (Seed) on February 7, 2023.

Who to call at QiO, and when

A new round usually means QiO is about to hire and buy. The teams that reach out first get the meeting.

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  • Who you already know at QiO, from your own LinkedIn network

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Company Information

Company

QiO

About

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%. QiO’s newest product, Foresight Optima DC+™, was developed in partnership with Intel to meet the needs of energy-intensive data centers. Foresight Optima DC+™ has delivered energy savings and emissions reductions of 20-30% in data centers worldwide by analysing energy consumption and making real-time adjustments to individual servers. QiO’s Foresight Sustainability Suite™ operates by collecting data from industrial assets ranging from kilns, furnaces, boilers and compressors to cooling systems and data center servers. Using AI, Foresight Sustainability Suite™ identifies and implements real-time actions that optimise energy efficiency and resource use, helping customers make rapid reductions in GHG emissions, energy use, production costs and waste. With businesses under pressure to meet international sustainability reporting standards, Foresight Sustainability Suite™ also automates real-time ESG reporting, enabling every customer to track and report Scope 1 and Scope 2 emissions.

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QiO raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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