Vicki Knott Spearheads Automation in Heavy Industry with CruxOCM
People | Feb 04, 2025 | Techstars Central LLC
Vicki Knott, the CEO and co-founder of CruxOCM, is impacting the heavy industrial sector through innovative automation solutions. With a background in chemical engineering and exposure to traditional operations practices, Knott recognized inefficiencies in control room operations, particularly in the oil and gas industry. Through CruxOCM's Robotic Industrial Process Automation (RIPA), significant improvements have been achieved including a 99% reduction in operator workload. Knott's journey wasn't without challenges; navigating a traditionally male-dominated field and overcoming business hurdles required resilience. The company has made strides in the midstream pipeline sector, a $29 billion market, by leveraging vertical-focused advanced process control systems. Techstars played a crucial role in CruxOCM's growth, offering a supportive environment for burgeoning entrepreneurs and facilitating key industry connections. Knott's experiences underline the significance of recognizing and addressing unconscious incompetence in business, fostering customer relations, and the importance of credible support networks like Techstars and C100.
Sectors
- Industrial Automation
- Oil and Gas Industry
- Venture Capital
Geography
- Canada – Vicki Knott and CruxOCM are based in Canada, and the article references Canadian-specific resources and networks for entrepreneurs.
- United States – Techstars, the accelerator supporting CruxOCM, is based in the United States.
Industry
- Industrial Automation – The article focuses on CruxOCM's automation solutions for industrial operations, particularly in control rooms, which aligns with the industrial automation industry.
- Oil and Gas Industry – CruxOCM's solutions target the oil and gas sector, especially by making control room operations more efficient and safe.
- Venture Capital – Techstars' involvement in CruxOCM as an accelerator program is representative of the venture capital industry.
Financials
- 8-figure deal – CruxOCM signed its first multi-year, 8-figure deal, marking a significant financial milestone for the company.
Participants
Name | Role | Type | Description |
---|---|---|---|
Vicki Knott | CEO and Co-founder | People | Vicki Knott is the CEO and co-founder of CruxOCM, specializing in automation for heavy industrial operations. |
CruxOCM | Target Company | Company | CruxOCM provides automation solutions for control room operations in heavy industries, particularly oil and gas. |
Techstars Central LLC | Business Accelerator | Company | Techstars is a prominent accelerator that provided early stage support for CruxOCM. |
Roger Shirt | Co-founder | People | Roger Shirt is the co-founder of CruxOCM along with Vicki Knott. |