UK based company QiO Technologies was created to harness data for better business performance and accelerate progress towards a zero carbon economy.
Since 2015, the company’s Foresight Sustainability Suite of solutions has assisted industrial clients in making significant improvements in asset efficiency, performance, and dependability, ultimately leading to a decrease in carbon footprint.
QiO technologies was founded in 2015 with the purpose of speeding progress towards a zero-carbon economy. In today’s world, an energy efficient business that promotes cutting carbon emission is highly sought after.
QiO technologies hope to accomplish this through the development of Foresight Sustainability Suit to help companies better leverage data to reduce GHG emissions and become more efficient.
With its AI optimisation technology in sectors ranging from automotive, steel, glass, cement, oil & gas, to data centres and telecoms, Foresight Sustainability Suite has delivered up to 20% savings on energy and maintenance costs and reduced GHG emissions by up to 10%.
The Foresight Sustainability Suite operates by collecting data from industrial assets
ranging from kilns, furnaces, boilers and compressors, to cooling systems and data centre 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.
In recent news, the company has closed a $10m Series B funding round from WAVE Equity Partners, a leading impact investment firm based in Boston, USA. QiO aims to use this funding to expand its operations in the USA and Europe, enhancing the capabilities of its Foresight Sustainability Suite, and accelerate customer acquisition in sectors which face the biggest challenges in achieving net-zero GHG emissions.
Rick Haythornthwaite, Co-Founder and Chairman of QiO Technologies, commented, “energy-intensive industries and data centres have a crucial role to play in achieving a low carbon economy. Our mission is for QiO to be the partner of choice for businesses that want to take decisive action today to accelerate their progress to net-zero. With our proven technology, demonstrable track record of delivering energy and GHG emissions savings, and this Series B funding, QiO is well-placed to support energy intensive businesses as they come under greater scrutiny from customers, investors, regulators and governments to deliver on net-zero targets.”
Source: QiO Technologies
