Krucial, co-founded by Allan Cannon and Kevin Quillien, is a technology company leveraging space technology to deliver digital connectivity solutions, particularly for industries with remote assets. Krucial combines satellite and cellular technology with IoT devices and cloud services to provide a full end-to-end digital infrastructure, ensuring continuous connectivity for data access from any location on Earth. They work with organizations like the European Space Agency (ESA), the University of Strathclyde, and Mowi. Associated keywords: satellite communications, IoT, digital solutions, remote monitoring, water monitoring, aquaculture, agriculture.
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OneWeb’s 2021 Innovation Challenge selected five industrial winners: IRT Saint Exupéry, Mbryonics, Morpheus Space, Oledcomm, and R3-IoT.
Krucial received seed funding of $4,300,000 (£3,100,000) in July 2021.
The July 2021 seed investment round for Krucial was led by US-based venture capital firm Space Capital and joined by the Scottish National Investment Bank.
Krucial launched an aquaculture-specific product called Krucial Connected Seafarm in May of 2022.
Krucial raised $4,300,000 in seed funding last year in a round led by venture capital firm Space Capital.
Krucial is seeking additional funds to deploy the Krucial Connect platform internationally.
Scottish Enterprise provided R3-IoT with an integrated package of support that included participation in the High Growth Ventures programme.