QiO Technologies
AI-powered energy and asset optimization for industries.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor | €0.0 | round |
| N/A | €0.0 | round | |
| N/A | €0.0 | round | |
| N/A | €0.0 | round | |
| N/A | €0.0 | round | |
| N/A | €0.0 | round | |
| N/A | €0.0 | round | |
* | $10.0m | Series B | |
| Total Funding | 000k | ||
| GBP | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | (52 %) | (35 %) | (19 %) | (35 %) | (14 %) | (37 %) | - |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % EBITDA margin | (80 %) | (203 %) | (231 %) | (244 %) | (221 %) | (535 %) | - |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % profit margin | (64 %) | (215 %) | (250 %) | (282 %) | (257 %) | (278 %) | - |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| R&D % of revenue | 62 % | 116 % | - | 133 % | 91 % | - | - |
Source: Company filings or news article
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QiO Technologies is an AI sustainability technology company that provides solutions for energy-intensive industries and data centers to enhance efficiency and reduce greenhouse gas emissions. The company was founded in 2014 by Baz Khuti and Rick Haythornthwaite with the objective of using industrial analytics to address climate change. It is headquartered in Farnborough, United Kingdom, with operations in the USA, Europe, and India.
QiO's core offering is the Foresight Sustainability Suite™, which collects data from industrial assets like kilns, furnaces, and servers. Using AI and digital twin technology, the software identifies and implements real-time actions to optimize energy efficiency, resource use, and asset performance, leading to reductions in GHG emissions and operational costs. The suite includes Foresight Optima DC+™, developed in partnership with Intel, which specifically targets energy consumption in data centers by making real-time adjustments to individual servers, and Foresight Maintenance, which uses predictive analytics to recommend maintenance actions. The platform also automates ESG reporting, assisting clients in tracking Scope 1 and Scope 2 emissions.
The company's business model is centered on providing its software solutions to a global client base in sectors such as automotive, steel, glass, cement, oil & gas, and telecommunications. Case studies show clients like a major UK brick manufacturer and Penspen, an energy asset management provider, achieving significant reductions in energy waste and improvements in productivity. QiO Technologies secured a $10 million Series B funding round in February 2023, led by Wave Equity Partners, to expand its operations and further develop its products.
Keywords: energy optimization, industrial AI, sustainability software, asset performance management, GHG emissions reduction, data center efficiency, Foresight Sustainability Suite, digital twin, predictive analytics, industrial IoT, carbon reduction, ESG reporting, smart manufacturing, Industry 4.0, resource efficiency, operational sustainability, cleantech, AI analytics, carbon management