Zurich - qiio AG has received a loan guarantee of 3 million Swiss francs from the Technology Fund. It was able to secure an additional 2 million Swiss francs from an investor. The spin-off from the ETH Zurich specializes in solutions in the area of the Internet of Things.

According to a press releaseqiio, a start-up from Zurich, has been able to secure a total of 5 million Swiss francs in fresh capital. From this, 3 million is a loan guarantee from the Federal Technology Fund. An additional 2 million Swiss francs come from an unnamed investor.

qiio was founded in 2014 as a spin-off from the Swiss Federal Institute of Technology in Zurich (ETH). The company offers solutions in the area of the Internet of Things (IoT) including hardware, software, connectivity, cloud services, and operation. An online area offers customers options for secure networking, monitoring, and control of their products. The solutions offered by qiio are ideal for logistics, remote monitoring and predictive maintenance.

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