CSignum, a Scottish specialist in wi-fi communications for submerged environments, has secured over €6.9 million in Sequence A funding to assist the expansion of its progressive EM-2 know-how and broaden 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 based mostly in Bathgate close to Edinburgh, CSignum has developed a wi-fi communication system able to reliably transmitting knowledge by water, ice, soil, rock, and concrete environments which have lengthy posed challenges for real-time monitoring. Its patented electromagnetic area signalling (EMFS) is the inspiration 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 rules tighten. The corporate is working with shoppers throughout the UK, EU and US, the place new compliance deadlines — together with these underneath the AMP8 initiative — are driving demand for large-scale, real-time monitoring options.
“This funding displays the rising recognition of the crucial want for progressive communication options within the underwater IoT sector,” mentioned Jonathan Reeves, CEO at CSignum. “The assist from our buyers will enable us to scale our operations, improve our product choices, and assist industries worldwide handle their assets extra successfully.”
The funding shall be used to broaden the engineering crew, develop the corporate’s product portfolio, and develop its presence in worldwide markets. CSignum additionally affords knowledge providers by its CSignum Cloud platform, offering analytics and dashboards for tasks comparable to river water high quality monitoring.
Dan McKiddie, Funding Supervisor at Archangels, commented: “CSignum has developed a very distinctive technological breakthrough which might be a game-changer for these industries reliant on securing dependable knowledge from their underwater operations.”
Claire Clamm, Funding Supervisor at Par Fairness, added: “CSignum’s capacity to ship dependable and cost-effective communication options for difficult environments units them aside available in the market. This funding will speed up their journey to turning into a world chief in underwater knowledge transmission.”
