R3-IoT rebrands as Krucial

Krucial co-founders Allan Cannon (L) and Kevin Quillien (R). (Credit: Krucial)

18 August 2022

  • R3-IoT now named Krucial, representing the importance of making digital transformation available for all, no matter location or conditions
  • Launch of flagship product Krucial CONNECT, which connects smart devices anywhere on earth regardless of infrastructure or conditions, already garnering worldwide interest 

GLASGOW, Scotland (Krucial PR) — Satellite-enabled connectivity scale-up R3-IoT has announced a bold, forward-looking full rebrand as Krucial and officially launched its game-changing new flagship product, Krucial CONNECT, to market.

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Xona Space Systems Fully Funded for First LEO Satellite Navigation Mission

SAN MATEO, Calif., September 22nd, 2021 (Xona Space Systems PR) — Xona Space Systems, the leading innovator in precision LEO satellite navigation services, announced today that it has raised a new funding round co-led by Seraphim Space Investment Trust (LSE:SSIT) and MaC Venture Capital, with participation from Toyota Ventures, Daniel Ammann (co-founder of u-blox), and Ryan Johnson (former CEO of BlackBridge, operator of the Rapideye constellation). Follow-on investors also include 1517 Fund and Stellar Solutions.

Global Navigation Satellite Systems (GNSS) such as GPS and Galileo have become the backbone of nearly every aspect of the modern connected world. However, threats to these legacy systems along with consumer demands for enhanced performance are increasing rapidly. 

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R3-IOT Secures $4.3M (£3.1M) Investment Led by US-based Space Capital

Seed investment round set to accelerate the company’s international growth strategy in Europe and North America, where its already seeing strong demand.

GLASGOW, Scotland (R3-IoT PR) — Satellite-enabled connectivity start-up, R3-IoT is gearing up for international expansion after closing a £3.1million ($4.3m) seed investment round led by US-based VC Space Capital, joined by the Scottish National Investment Bank.

Other investors include the University of Strathclyde, alongside North American-based Ryan Johnson, former CEO of BlackBridge, Nathan Kundtz, CEO of Rendered.ai, and Loren Padelford, former GM of Revenue at Shopify. Scottish Enterprise also become shareholders and continue to support the company.

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Hydrosat Raises $5M to Take on Climate Change from Space

Funding Led by Cultivation Capital to Power First Space Mission

WASHINGTON (Hydrosat PR) — Hydrosat, a company creating an infrared satellite constellation, announced that it raised a $5 million seed round led by Cultivation Capital, bringing its total raised to date to over $10 million. The round was led by Cultivation Capital with participation by Freeflow Ventures, the Yield Lab, Expon Capital, Techstars, Industrious Ventures, and Synovia Capital.

Hydrosat is flying a multi-spectral and thermal infrared mission with Loft Orbital on a SpaceX Falcon 9 in 2022. The company plans to launch an additional 16-satellite constellation with the capacity to scan the entire globe on a daily basis, generating science quality infrared data and an analytics-ready land surface temperature product.

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