Helio has raised €4.9 million in a funding round led by QBIT Capital to enhance its sustainable cloud computing solutions, targeting critical sectors like 3D rendering and AI.

Information on the Target

Helio is a Zurich-based startup established in 2018, dedicated to transforming the cloud computing landscape by addressing its environmental and efficiency challenges. The company employs a unique real-time algorithm that optimizes cloud resource allocation by rerouting computing tasks to underutilized or renewable-energy-powered data centers. This innovation is particularly significant as it seeks to correct the current industry inefficiency, which often falls below 20%, while also reducing the high environmental impact associated with cloud services.

Helio has set a formidable goal of decreasing CO2 emissions by 200 million tons by 2030, positioning itself as a significant player in sustainable cloud computing. This is especially relevant given that the sector is projected to comprise 6% of global electricity consumption by that same year. With the recent funding round, Helio aims to accelerate its market penetration in sectors such as 3D rendering and artificial intelligence (AI).

Industry Overview in Switzerland

The cloud computing industry in Switzerland is witnessing rapid growth, driven by increasing demand for digital services and solutions that prioritize sustainability. As businesses and consumers alike become more conscious of their environmental