CruxOCM Secures $17M in Funding Led by Microsoft’s M12 to Revolutionize Control Room Technology — Calgary.Tech

Calgary’s CruxOCM has secured a USD $17 million Series A funding round led by M12, Microsoft’s Venture Fund, with participation from new investors, including EIC Rose Rock Fund, ONEOK, Raven Indigenous Capital Partners and with continued support from existing investors Angular Ventures, Bullpen Capital, Root Ventures, Industry Ventures, Cendana Capital, Pipeline Capital Partners, and Golden Ventures.

A leader in co-pilot technology for control room operators, CruxOCM is proven, scalable, off-the-shelf software to fully automate the execution of procedures, checklists, and rules of thumb for control room operators.

This funding brings CruxOCM’ s total capital raised to $27 million and will be used to fuel innovation and deliver greater value to its energy industry clients.

With the successful completion of this Series A round, CruxOCM is poised to accelerate its growth and implement co-pilot technology for control room operators across the midstream and broader energy sector.

“This investment from leading industry VCs empowers us to bring co-pilot to even more control rooms across the energy sector,” said Vicki Knott, Co-founder, and CEO of CruxOCM.

“Our mission is to empower control room operators and ensure the streamlined and safe operation of the essential energy infrastructure we rely on every day.”

This investment and the strategic parties involved underlines the industry’s confidence in CruxOCM’ s vision and mission.

Last year CruxOCM was awarded the prestigious Silver Stevie Award for Energy Industry Innovation of the Year at the 21st Annual American Business Awards.

Originally published at https://calgary.tech on August 14, 2024.