Qviro, a Belgian SaaS platform that facilitates B2B reviews of industrial technology for factories and engineers, has raised €1m (£843,755) in growth capital to further roll out its online marketplace.
Based on an intelligent search platform, Qviro is designed to help industrial users make informed purchasing decisions of robotic systems from the likes of ABB, Doosan and Kinova.
According to the company, thousands of engineers use the platform every month to write reviews of and buy technology including cobots, grippers, SCARA robots and 3D vision systems, among other innovations.
“User reviews are already used a lot today on web shops and consumer review platforms like Tripadvisor,” said Qviro co-founder Jorg Hendrikx.
“But what makes Qviro so unique is that we use reviews in a professional context. We collect reviews for the purchase and sale of industrial automation technology.
“Those reviews not only make it possible to make a good choice for a buyer, but they are also a source of market insights. We sell those data and insights to large industrial companies.”
The start-up is based at Thor Park in Genk, a site for companies active in the energy sector or in the smart manufacturing industry.
The latest growth capital was raised from investment funds LRM, Industrya and imec.istart.
Qviro previously received financial support from organisations such as Vlerick Business School Entrepreneurship Fund, Vlaio and Digital Attraxion.
