CSignum, a Scottish specialist in wi-fi communications for submerged environments, has secured over €6.9 million in Sequence A funding to help the expansion of its modern EM-2 know-how and develop its international operations. The funding spherical was led by Archangels, Par Fairness, and Scottish Enterprise, with further backing from British Enterprise Funding (BBI), Raptor Group, Deep Future, SeaAhead’s Blue Angel Community, and a number of other particular person US buyers.
Based in 2020 and primarily based in Bathgate close to Edinburgh, CSignum has developed a wi-fi communication system able to reliably transmitting knowledge by way of water, ice, soil, rock, and concrete environments which have lengthy posed challenges for real-time monitoring. Its patented electromagnetic area signalling (EMFS) is the muse of the corporate’s EM-2 product household, which is already being utilized in water high quality monitoring, ship upkeep, and underwater infrastructure safety.
This newest funding will assist CSignum meet rising demand for wi-fi knowledge transmission in each underwater and underground environments, significantly as environmental laws tighten. The corporate is working with purchasers throughout the UK, EU and US, the place new compliance deadlines — together with these below the AMP8 initiative — are driving demand for large-scale, real-time monitoring options.
“This funding displays the rising recognition of the important want for modern communication options within the underwater IoT sector,” stated Jonathan Reeves, CEO at CSignum. “The help from our buyers will permit us to scale our operations, improve our product choices, and assist industries worldwide handle their sources extra successfully.”
The funding will probably be used to develop the engineering crew, develop the corporate’s product portfolio, and develop its presence in worldwide markets. CSignum additionally gives knowledge companies by way of its CSignum Cloud platform, offering analytics and dashboards for tasks reminiscent of river water high quality monitoring.
Dan McKiddie, Funding Supervisor at Archangels, commented: “CSignum has developed a really distinctive technological breakthrough which could possibly be a game-changer for these industries reliant on securing dependable knowledge from their underwater operations.”
Claire Cramm, Funding Supervisor at Par Fairness, added: “CSignum’s skill to ship dependable and cost-effective communication options for difficult environments units them aside out there. This funding will speed up their journey to changing into a world chief in underwater knowledge transmission.”
