QiO Technologies, a UK-based AI sustainability tech start-up, has raised $10 million in a Series B funding round led by Wave Equity Partners. The company's flagship product, Foresight Sustainability Suite™, helps energy-intensive businesses reduce greenhouse gas emissions (GHG) and energy costs by leveraging large, disparate sources of operational data. The technology has delivered up to 20% savings on energy and maintenance costs and reduced GHG emissions by up to 10% in sectors such as automotive, steel, glass, cement, oil & gas, data centers, and telecoms.

In partnership with Intel, QiO has also developed a new product, Foresight Optima DC+™, specifically for energy-intensive data centers. By analyzing energy consumption and making real-time adjustments to individual servers, Foresight Optima DC+™ has delivered energy savings and emissions reductions of 20-30% in data centers worldwide.

With businesses under pressure to meet international sustainability reporting standards, Foresight Sustainability Suite™ also automates real-time ESG reporting, enabling customers to track and report Scope 1 and Scope 2 emissions.

QiO's mission is to help businesses deliver rapid reductions in greenhouse gas emissions and energy costs while improving operational efficiency. With the latest funding, the company aims to expand its technology offerings and accelerate the global adoption of its AI sustainability solutions.

Visit the link https://founderlodge.com/round/QiO-Technologies-raises-10000000-Series-B-2023-02-21-Rick-Haythornthwaite-OTY0OA to learn more about QiO Technologies' Series B funding round.