Helio, a startup based in Zurich, has raised €4.9 million in Seed funding to further develop its cloud computing platform. The company is focused on enhancing the efficiency of cloud resource allocation.
Zurich-based cloud computing startup Helio has raised €4.9 million in a Seed funding round led by QBIT Capital and including Uebermorgen Ventures, seed+speed Ventures, Combination VC, Rockstart Energy Fund, ROI Ventures, Swisspreneur, and angel investment.
The round includes both equity and debt financing, with the debt provided by ZKB and secured by the Swiss Technology Fund.
Helio plans to use the funds to expand its team and enhance its platform’s capabilities, including optimizing carbon-aware workload scheduling, expanding its network of green data centers, and developing 3D rendering capabilities for the VFX market.
The startup’s unique real-time algorithm reroutes computing tasks to underused or renewable-energy-powered data centers to improve efficiencies in cloud resource allocation.
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