# CruxOCM

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/cruxocm

- Industry: Software
- Headquarters: Calgary, Canada
- Total disclosed funding: $17M
- Latest round: Series A (Aug 14, 2024)
- Investors on record: 11

## About

CruxOCM, Inc. is a Canadian company that specializes in automating and optimizing industrial control room operations, focusing on enhancing profitability, safety, and sustainability across various sectors.Founded in 2017 and headquartered in Calgary, Canada, CruxOCM, Inc. automates control room operations to improve efficiency in industrial settings. The company raised USD 17.00 mn in Series A funding on August 14, 2024, led by M12, with participation from several venture firms. CruxOCM has completed one deal to date. The founder's previous ventures are not disclosed.CruxOCM specializes in automating and optimizing industrial control room operations, with a focus on enhancing profitability, safety, and sustainability. Their flagship product, RIPA™, streamlines control room processes for various industries, including energy, utilities, and processing. Additionally, they offer pipeBOT™, which automates pipeline operations, and gatherBOT™, aimed at improving contract fulfillment in gathering systems. These products are utilized by clients across North America and Europe to increase operational efficiency while reducing environmental impacts.CruxOCM generates revenue through a business-to-business model, offering subscription-based access to their automation solutions. Contracts typically involve recurring fees for products like RIPA™ and pipeBOT™, along with service agreements that encompass implementation, support, and maintenance. Long-term partnerships with clients enhance revenue stability as they require ongoing updates to their systems, with pricing plans adapted to the specific needs of the industrial sectors served.In August 2024, CruxOCM, Inc. successfully raised USD 17.00 mn in Series A funding, which will be utilized to add value to the energy sector and support their clients. The company aims to expand into new markets, although specific regions have not been disclosed. Plans for upcoming products and their release dates have not been detailed.

## Funding rounds

- Series A, Aug 14, 2024, $17M — Industry Ventures, Bullpen Capital, Cendana Capital, ONEOK Partners, Golden Ventures, Root Ventures, M12, Pipeline Capital Partners, Angular Ventures, Raven Indigenous Capital Partners, EIC Rose Rock

## Investors

- Industry Ventures (https://capitalatlas.ai/funds/industry-ventures) — Series A
- Bullpen Capital (https://capitalatlas.ai/funds/bullpen-capital) — Series A
- Cendana Capital (https://capitalatlas.ai/funds/cendana-capital) — Series A
- ONEOK Partners — Series A
- Golden Ventures (https://capitalatlas.ai/funds/golden-ventures) — Series A
- Root Ventures (https://capitalatlas.ai/funds/root-ventures) — Series A
- M12 (https://capitalatlas.ai/funds/m12) — Series A
- Pipeline Capital Partners (https://capitalatlas.ai/funds/pipeline-capital-partners) — Series A
- Angular Ventures (https://capitalatlas.ai/funds/angular-ventures) — Series A
- Raven Indigenous Capital Partners (https://capitalatlas.ai/funds/raven-indigenous-capital-partners) — Series A
- EIC Rose Rock (https://capitalatlas.ai/funds/eic-rose-rock) — Series A