CruxOCM Raises $17M in Series A Funding Round

CruxOCM, a CA-based company which specializes in co-pilot technology for control room operators, raised $17M in Series A funding.

The round was led by M12 (Microsoft’s Venture Fund), with participation from new investors, including ONEOK, Raven Indigenous Capital Partners and EIC Rose Rock Fund and existing investors Angular Ventures, Bullpen Capital, Root Ventures, Industry Ventures, Cendana Capital, Pipeline Capital Partners, and Golden Ventures.

The company intends to use the funds to deliver value to its energy industry clients.

Led by CEO Vicki Knott, CruxOCM specializes in advancement of co-pilot capabilities for control room operators, transforming the operation of pipeline networks with its pipeBOT™, maxOPT™ and leanOPT™ solutions. Their co-pilot platform delivers real-time automation, optimization, and real-time data connectivity for business decisions, empowering energy organizations to improve their financial, sustainability, and QHSE postures through the integration of cross domain, real-time, AI-driven software, at the core of their businesses.

FinSMEs

14/08/2024