Zurich-based Helio Secures €4.9 million in Funding, The equity round was led by QBIT Capital alongside Rockstart, Uebermorgen Ventures, seed+speed, Combination VC, ROI Ventures, Swisspreneur, and Cloud Angel Investors. The debt financing was provided by Zürcher Kantonalbank (ZBK) and secured by the Swiss Technology Fund instrument.
As it takes into account the rising need for sustainable and cost-effective cloud computing, Helio intends to use the funds to enhance its market penetration, notably in areas like 3D rendering and AI.
Kevin Häfeli, co-founder and CEO, Helio, Said: “This funding is a watershed moment for Helio, not just in securing financial support, but also in aligning with partners who share our vision for a carbon-aware cloud. As we accelerate our mission to transform the cloud computing industry into a model of efficiency and sustainability, this capital enables us to reduce both cloud spending and emissions for our customers. We are particularly excited to unlock new types of data centers as we make strides in key areas like 3D rendering and AI. The future of cloud computing is here, and it’s more sustainable and efficient than ever.”
The extra capital will strengthen the Zurich-based firm and hasten its growth in a number of crucial areas of their platform. These include developing their 3D rendering capabilities for the VFX market, increasing the network of green data centers, enhancing the cloud spot market with extra capacity, and enhancing carbon-aware workload planning.
Luis Huber, partner at QBIT Capital, said: “We see Helio as a game-changer in both sustainability and cloud computing efficiency. Their innovative model addresses pressing industry challenges, making this a strategic and timely investment for us. We’re excited to be part of their journey towards reshaping a more sustainable digital future.”
Helio, a company founded in 2018, uses a unique real-time algorithm to better use cloud resources by rerouting jobs in computing to underutilized or sustainable energy-powered data centers.
This strategy addresses the issues of low efficiency—which is now below 20% in the sector—and significant environmental impact. The industry is projected to use 6% of the world’s electricity by 2030, consequently Helio’s approach offers a more cost- and environmentally-friendly substitute. The company’s lofty goal is to cut CO2 emissions by 200Mt by 2030.