Space Capital Leads USD 4.3m Investment in Start-up R3-IoT.

INTERNET BUSINESS NEWS-(C)1995-2021 M2 COMMUNICATIONS

R3-IoT, a satellite-enabled connectivity start-up, has closed a USD 4.3million seed investment round led by New-York based Space Capital, as it gears up for global expansion, the company said.

Led by space technology experts Allan Cannon and Kevin Quillien, R3-IoT addresses challenges that organizations face in digitizing business operations, products, and services due to a lack of, or unreliable, communications infrastructure.

Focused on the market gap underserved by the current space race, R3-IoT...

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