# Krucial

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

- Industry: Telecoms
- Headquarters: Glasgow, UK
- Website: www.krucial.com
- Total disclosed funding: $4.3M
- Latest round: Seed (Jul 14, 2021)
- Investors on record: 4

## About

Based in Glasgow, UK, and founded in 2018 by Allan Canon (CEO) and Kevin Quillen (CTO),  R3-IoT Ltd, trading under the name Krucial, employs satellite communications, cellular technology, and the benefits of IoT to provide organizations with stable, and continuous connectivity. In September 2023, Krucial raised GBP 3 million in venture funding led by returning investor Scottish National Investment Bank, with participation from other returning investors Scottish Enterprise, and the University of Strathclyde. New investor AzurX also participated in the round. The firm’s customer base includes aquaculture, energy, utilities, and infrastructure industries.

The firm offers a product called Krucial Connect, which is a tool that connects IoT devices such as sensors to securely communicate data over LoRaWAN from organizations' assets, sites, infrastructure, and buildings. Krucial CONNECT changes between satellite and cellular networks, ensuring that operational data remains uninterrupted and help organizations in their digital transformation.

The company plans to use its September 2023 funding to boost its expansion in key areas like energy, rail, aquaculture, and agriculture in the UK and abroad.

## Funding rounds

- Seed, Jul 14, 2021, $4.3M — University of Strathclyde, Space Capital, Scottish Enterprise, Scottish National Investment Bank

## Investors

- University of Strathclyde — Seed
- Space Capital (https://capitalatlas.ai/funds/space-capital) — Seed
- Scottish Enterprise (https://capitalatlas.ai/funds/scottish-enterprise) — Seed
- Scottish National Investment Bank — Seed