Myriota is helping businesses connect with their remote operations for less

Right Click Capital is supporting the innovator’s low-cost, low-power remote monitoring solutions.
28 November 2024
  • Case study

min read

Industry innovation
Science, technology and innovation
Venture capital
Inside a white display room, two people look at a plant sensor which has been placed inside a small round garden bed.

Myriota’s low-power sensors allow remote monitoring for a wide range of objects such as soil moisture.

Adelaide-based Myriota is helping businesses connect to their remote monitoring solutions from anywhere in the world.

Set up in 2015 following research at the University of South Australia, Myriota developed technology allowing satellites to connect with ultra-low power ground devices.

This world-first innovation includes a smart transmission system which conserves battery life, reducing the need for infield maintenance trips and battery changes substantially.

Their technology offers satellite connectivity for “Internet of Things” (IoT) devices at a fraction of the cost of other solutions.

Their satellite network allows low-energy devices, to supply valuable data on remote operations in areas with no communications infrastructure.

For sectors such as agriculture, Defence, environmental management and many others, Myriota’s technology gives businesses a way to use remote monitoring equipment without the high cost typically associated with satellite connectivity.

We’re redefining business models by making it cost-effective for businesses to track and access their data.

– Nicole Russo, VP Commercial Operations, Myriota

Myriota’s solutions allow companies to stay up to date on critical changes with remote operations, such as the fluid level of a remote livestock water tank or the soil moisture level in a crop field.     

The company’s FlexSense device works by capturing data from an integrated sensor, which is then sent to Myriota’s satellites, allowing monitoring and alerts from anywhere in the world.

This type of solution is used at thousands of sites around the world to monitor things like:

  • fluid and gas tanks
  • dams and water ways
  • soil and water quality
  • groundwater levels
  • utility meters
  • wind turbines
  • weather stations
  • oceanographic information
  • critical asset location
  • mine sites

Myriota’s innovative approach to remote connectivity attracted investment by Right Click Capital in 2018 through the Early Stage Venture Capital Limited Partnership (ESVCLP) program.

Right Click Capital backs technology-based startups from an early stage, viewing investment as a long-term relationship, working closely with companies during each stage of commercialisation.

As well as investing capital, firms like Right Click contribute valuable insights, strategic advice and connections to their networks in Australia and overseas.

What’s the best order to do things in? How soon do we start talking to customers? What do we need to prove out before that? When can we start charging? When will it be good and dependable enough to get into the hands of users? We help with all that.

– Benjamin Chong, Partner, Right Click Capital

The Australian Government’s ESVCLP program provides tax incentives that help venture capital firms to invest in innovative Australian companies at an early stage of commercialisation.

Our Department and the Australian Taxation Office (ATO) jointly administer the program on behalf of the Australian Government.

The program offers tax incentives for fund managers and investors to support Australian innovation both financially and through expert guidance. 

The company is scaling up quickly in both product and market development and has received significant investment from the UK and US governments.

Myriota’s design, development and manufacturing is managed in Australia, supplying customers around the world.

Myriota sees a future where low-cost, near-real-time data is in reach.     

‘Once we get to that point, there won’t be an industry that won’t see the benefits of using this technology,’ says Ms Russo.

Learn more about the Early Stage Venture Capital Limited Partnership

More information

Read more about our programs to support innovative business and industries
Visit the Right Click Capital website
Visit the Myriota Website