CruxOCM Raises $9M in Total Venture Financing
Summary
CruxOCM, a Calgary, AB-based leader in robotic industrial process automation (RIPA™) for control room operations, raised $9M in venture financing. The company intends to use the funds: – to grow its product lines, increase the efficiency of its installation process, – bolster installations so that it can expand across client asset bases faster and begin pursuing additional product lines into gas plants, gas pipelines and offshore facilities. RIPA is the foundational technology on which the company’s automation solutions gatherBOT and pipeBOT are built. gatherBOT™ represents a solution in oil and natural gas gathering system transportation and storage. By deploying Robotic Industrial Process Automation (RIPA), CruxOCM creates operation that puts control room operators first, while maximizing storage capacity, flow efficiency and ultimately, profits.
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