About QiO
QiO is an Industrial Goods & Manufacturing company based in Farnborough (United Kingdom) founded in 2015 by Rick Haythornthwaite and Baz Khuti. AI-driven building energy and asset management software solutions. It operates in the Industrial Goods & Manufacturing, Technology, and Energy & Utilities sectors. QiO has raised $10 million across 1 funding round from investors including WAVE Equity Partners. The company has 27 employees. Its chief executive, as recorded, is Rajendra Pandhare. QiO offers products and services including Foresight Platform. Its focus areas include High Tech, IoT Applications, Industry Agnostic and Asset Tracking. Its legal entity is QIO TECHNOLOGIES LTD. Its competitors include MachineMetrics, Sennen and EA Technology; 2 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Farnborough, United Kingdom
- Employees 27
- Founders Rick Haythornthwaite, Baz Khuti
- SectorsIndustrial Goods & ManufacturingTechnology Energy & Utilities
- Email••••••••
- Phone•••• ••••
- Website qio.io
- Social LinkedIn X
- Legal Name Qio Technologies Ltd
- Date of Incorporation 29 Dec, 2014
- Jurisdiction EGHAM, UNITED KINGDOM
- Annual Revenue$727.13 K (USD)-37as on Dec 31, 2022
- Net Profit-$2.02 M (USD)31as on Dec 31, 2022
- EBITDA-$2.38 M (USD)26as on Dec 31, 2022
- Total Equity Funding$10M (USD)
in 1 rounds
- Latest Funding Round$10M (USD), Series B
Feb 2023
- Investors
- Employee Count27
Products & Services of QiO
QiO offers a comprehensive portfolio of products and services, including Foresight Platform.
Platform for optimizing energy use and predicting maintenance in industries
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 $10M
- Total Rounds 1
- Last Round Series B — $10M
- First Round $10M
(Feb 2023)
- Investors Count 1
All 1 funding rounds of QiO with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb 2023 | $10M | Series B | – | WAVE Equity Partners | – |
1 investors in total: 1 institutional.
Investors in QiO
QiO has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include WAVE Equity Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Impact-focused growth equity investments are made in sustainable industrial solutions. | waveep.com | Boston, USA |
Investor details for QiO
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People of QiO
13 people are tracked at QiO (6 in leadership, 6 in board & advisors, 1 in team); the tracked headcount is 27.
| Name | Role | Group |
|---|---|---|
Rick Haythornthwaite | Co-Founder | Leadership |
Baz Khuti | Co-Founder | Leadership |
Rajendra Pandhare | CEO | Leadership |
Rajan Pandhare | CEO | Leadership |
Vibhor N | Head - Cloud & Security | Leadership |
David Lane | Vice President Of Sales | Leadership |
Tim Berners-Lee | Advisor | Board & advisors |
Samer Aljishi | Advisor | Board & advisors |
Dick Cashin | Advisor | Board & advisors |
Carl-Peter Forster | Advisor | Board & advisors |
Rosemary Leith | Advisor | Board & advisors |
Rick Ledgett | Advisor | Board & advisors |
Parag More | Engineering Services Delivery Manager– Digital Transformation | Team |
Complete people profiles for QiO
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Timeline of QiO
2 dated milestones of QiO across 8 years, from founding to its latest funding, stage changes and deals.
- Founded QiO is founded.
- Funding First funding round of $10.0M.
Competitors of QiO
QiO has 3 listed competitors in our database, 2 of them funded. They include MachineMetrics, Sennen and EA Technology.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| machinemetrics.com | 2014 | Northampton, United Kingdom | $33.38M | 72 | Machine data is monitored and visualized to enhance manufacturing efficiency. | |
| sennen.tech | 2017 | Bristol, United Kingdom | $1.55M | 16 | Renewable energy assets are managed via a specialized platform. | |
| eatechnology.com | 1966 | Capenhurst, United Kingdom | 172 | Asset management platform for renewable energy is provided. |
Detailed competitors of QiO
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Related news about Qio
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Frequently Asked Questions about QiO
QiO was founded in 2015 and raised its 1st funding round 8 years after it was founded.
QiO is headquartered in Farnborough, United Kingdom. It is registered at Farnborough, Hampshire, United Kingdom.
Rajendra Pandhare is the CEO of QiO, as recorded in our data.
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 2023.
QiO has 27 employees.
Annual revenue of QiO is $727.13K as on Dec 31, 2022.
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.
QiO's top competitors include MachineMetrics, EA Technology and Sennen.
QiO offers Foresight Platform.
QiO has 1 investor. Key investors include WAVE Equity Partners.
QiO operates through Qio Technologies Ltd.