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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Mangata Networks Announces $33 Million Series A Raise Launching Innovative Satellite/Edge Computing Network

Mangata Networks announces today the completion of their $33 million Series A funding round, led by Playground Global.

PHOENIX (Mangata Networks PR) — Mangata Networks has closed a $33 million Series A round led by US-based venture capital firm Playground Global to continue its mission to transform the way the world interacts with information. This closing manifests the truly global nature of the organization with other major investors including Temasek which is headquartered in Singapore, ktsat from South Korea, Scottish Enterprise in the UK, Promus Ventures from its Orbital Ventures Fund, and Meta Venture Partners, also in the US.

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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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AAC Clyde Space to Develop Next-Gen Satellites With 3.2 Million Pound Award from Scottish Enterprise

GLASGOW, Scotland (AAC Clyde Space PR) — AAC Clyde Space Glasgow will develop, manufacture and gain in-orbit heritage on its next generation nano and small satellites having secured financial support from Scottish Enterprise (SE). With a standardized and modularized design, the satellites will combine cutting edge technology with constellation ready productization.

An SE research and development grant of up to GBP 2.3M (approx. SEK 27M) will finance 50 % of AAC Clyde Space’s costs for developing the next generation of satellites. The grant will be paid out over a three-year period starting July 2020 and will support activities related to R&D, new equipment acquisitions and the creation of new jobs.

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