New funding for satellite-enabled sensor connectivity solutions

Scottish startup R3-IoT is expanding to North America after raising early funds for connecting sensors and devices with satellite-enabled solutions.

R3-IoT’s gateways link up with nearby sensors and devices, using satellites in multiple orbits and cellular networks to transmit data through the cloud to customers — or to its software platform that translates the information into insights that inform business decisions.

The $4.3 million seed funding led by venture capital firm Space Capital puts R3-IoT on track to launch commercial services in November.