{"id":61741,"date":"2019-08-27T01:33:23","date_gmt":"2019-08-26T17:33:23","guid":{"rendered":"https:\/\/wp-productionenv-bjg9h2g2bgg5b8aa.southeastasia-01.azurewebsites.net\/news\/scottish-satellite-iot-startup-r3-iot-opens-doors-to-investors\/"},"modified":"2019-08-27T01:33:23","modified_gmt":"2019-08-26T17:33:23","slug":"scottish-satellite-iot-startup-r3-iot-opens-doors-to-investors","status":"publish","type":"post","link":"https:\/\/starpath.global\/news\/scottish-satellite-iot-startup-r3-iot-opens-doors-to-investors\/","title":{"rendered":"Scottish Satellite IoT Startup R3-IoT Opens Doors to Investors"},"content":{"rendered":"<\/p>\n<p>Two former <strong>Clyde Space<\/strong> engineers are seeking initial investment for their new Glasgow-based startup, <strong>R3-IoT<\/strong>, which aims to provide satellite IoT and backhaul services to industries operating in the most remote regions of the world.&nbsp;R3-I0T Co-Founders Allan Cannon and Kevin Quillien said their target markets would include land and sea agriculture,&nbsp;environmental monitoring, remote healthcare, and renewable energy.<\/p>\n<p>&nbsp;<\/p>\n<p>\u201cThere 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,\u201d said Cannon.&nbsp;\u201cWe\u2019ve had a lot of interest in our funding round as we look to take the business to the next stage.\u201d<\/p>\n<p>Through their new venture, Cannon and Quillien hope to make it easier for remote businesses to connect their assets to data. As the global enterprise market transitions to \u201cIndustry 4.0,\u201d for which nearly all assets are connected, collecting and transmitting data in order to keep up with the pace of innovation, connecting data pipes to remote assets can be difficult and expensive.&nbsp;\u201c[Our customers] may even currently send someone in a plane or boat to collect the data, which is time-consuming, expensive, and the data itself is lagged by the time it\u2019s delivered to decision-makers,\u201d said Cannon.<\/p>\n<p>For many of these remote operations, satellite IoT is the most viable solution, requiring less infrastructure investment compared to other options.<\/p>\n<p>R3-IoT opens their first investment round after recently winning a 100,000 British-pound prize at the Scottish Edge awards. The new company also solidified a partnership with Scotland\u2019s <strong>Censis Innovation Center<\/strong> for IoT, sensor and imaging technologies. Censis will assist Cannon and Quillien with research and product development, specifically to enhance data transfer from rural sensor networks to the cloud, via satellite, making data collection more timely, efficient and cost-effective.<\/p>\n<p>Censis Senior Business Development Manager&nbsp;Craig Fleming said that R3-IoT brings a \u201cgame-changing\u201d technology to market. \u201cR3-IoT gives businesses the opportunity to understand their operations where previously it wasn\u2019t technologically feasible or economically viable,\u201d he said. \u201cWhat R3-IoT is doing underlines the transformative potential of IoT and the hidden value it can unlock in companies, whether they are tech-focused or operating in more traditional industries.\u201d<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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.&nbsp;R3-I0T Co-Founders Allan Cannon and Kevin Quillien said their target markets would include land and sea agriculture,&nbsp;environmental monitoring, remote healthcare, and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":61743,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[2],"tags":[],"class_list":["post-61741","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/61741"}],"collection":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/comments?post=61741"}],"version-history":[{"count":0,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/61741\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media\/61743"}],"wp:attachment":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media?parent=61741"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/categories?post=61741"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/tags?post=61741"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}