About QiO
QiO is a company based in Farnborough (United Kingdom) founded in 2015 by Rick Haythornthwaite and Baz Khuti.. QiO has raised $10 million across 1 funding round from investors including WAVE Equity Partners. The company has 27 employees as of December 31, 2021. QiO offers products and services including Foresight Platform. QiO operates in a competitive market with competitors including MachineMetrics, Sennen, Flutura, EA Technology and Bsquare, among others.
- Headquarter Farnborough, United Kingdom
- Employees 27 as on 31 Dec, 2021
- Founders Rick Haythornthwaite, Baz Khuti
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Sectors
Industrial Goods & ManufacturingTechnology Energy & Utilities
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Email
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Phone
*********
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Website
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Social
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- Legal Name Qio Technologies Ltd
- Date of Incorporation 29 Dec, 2014
- Jurisdiction EGHAM, UNITED KINGDOM
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Annual Revenue
$727.13 K (USD)-37as on Dec 31, 2022
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Net Profit
$-2.02 M (USD)31as on Dec 31, 2022
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EBITDA
$-2.38 M (USD)26as on Dec 31, 2022
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Total Equity Funding
$10 M (USD)
in 1 rounds
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Latest Funding Round
$10 M (USD), Series B
Feb 16, 2023
- Investors
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Employee Count
27
as on Dec 31, 2021
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Products & Services of QiO
QiO offers a comprehensive portfolio of products and services, including Foresight Platform. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for optimizing energy use and predicting maintenance in industries
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Advisor Team
7 people
Software Development Team
2 people
Leadership Team
1 people
Sales and Marketing
1 people
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Funding Insights of QiO
QiO has successfully raised a total of $10M through 1 strategic funding round. The most recent funding activity was a Series B round of $10 million completed in February 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Series B — $10.0M
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First Round
First Round
(16 Feb 2023)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Feb, 2023 | Amount | Series B - QiO | Valuation | WAVE Equity Partners |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in QiO
QiO has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include WAVE Equity Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Impact-focused growth equity investments are made in sustainable industrial solutions.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by QiO
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - QiO
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Qio Comparisons
Competitors of QiO
QiO operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as MachineMetrics, Sennen, Flutura, EA Technology and Bsquare, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Machine data is monitored and visualized to enhance manufacturing efficiency.
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| domain | founded_year | HQ Location |
Renewable energy assets are managed via a specialized platform.
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| domain | founded_year | HQ Location |
End to end IoT platform for asset monitoring
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| domain | founded_year | HQ Location |
Asset management platform for renewable energy is provided.
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| domain | founded_year | HQ Location |
Device management stack for Industrial IoT applications is provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Qio
Frequently Asked Questions about QiO
When was QiO founded?
QiO was founded in 2015 and raised its 1st funding round 8 years after it was founded.
Where is QiO located?
QiO is headquartered in Farnborough, United Kingdom. It is registered at Farnborough, Hampshire, United Kingdom.
Who is the current CEO of QiO?
Rajendra Pandhare is the current CEO of QiO.
Is QiO a funded company?
QiO is a funded company, having raised a total of $10M across 1 funding round to date. The company's 1st funding round was a Series B of $10M, raised on Feb 16, 2023.
How many employees does QiO have?
As of Dec 31, 2021, the latest employee count at QiO is 27.
What is the annual revenue of QiO?
Annual revenue of QiO is $727.13K as on Dec 31, 2022.
What does QiO do?
QiO was founded in 2015 and is based in Farnborough, United Kingdom. AI-driven software for building energy and asset management is provided, with features that optimize asset efficiency, maintain performance, and orchestrate repair services. Digital twins are generated using AI and IoT algorithms for monitoring assets, managing templates, and conducting automated analytics. Sectors served include healthcare, utilities, manufacturing, and others.
Who are the top competitors of QiO?
QiO's top competitors include MachineMetrics, EA Technology and Bsquare.
What products or services does QiO offer?
QiO offers Foresight Platform.
Who are QiO's investors?
QiO has 1 investor. Key investors include WAVE Equity Partners.