Scottish Satellite IoT Startup R3-IoT Opens Doors to Investors – Via Satellite –
Two former Clyde Space engineers are seeking initial investment for their new Glasgow-based startup, R3-IoT, which aims to provide satellite IoT and backhaul services to industries operating in the most remote regions of the world. R3-I0T Co-Founders Allan Cannon and Kevin Quillien said their target markets would include land and sea agriculture, environmental monitoring, remote healthcare, and renewable energy.
“There is a huge market for this kind of service. Interest is growing in predominantly large enterprises across a range of sectors looking to make efficiencies or improve productivity through better access to data,” said Cannon. “We’ve had a lot of interest in our funding round as we look to take the business to the next stage.”