Zurich-based qiio snaps up €4.7 million to grow its smart IoT solutions for businesses

▤ Summary

Swiss startup qiio, offering IoT solutions for use in anything from coffee machines to smart buildings, has received an around €2.84 million loan guarantee from the Technology Fund. Founded in 2014, qiio has development experience in IoT hardware, embedded technology and cloud services. Today, qiio offers an edge-to-cloud IoT solution that covers hardware, software, cloud and operation. Simone Riedel Riley, General Manager of the Technology Fund, says: “More and more enterprises look into digitalization to improve operation efficiency and reduce greenhouse gas emissions. This acknowledgement proves that qiio’s business model and innovative solution brings significant impact to industries and reduces environmental impact.”

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