CSignum has completed a £6m funding round to accelerate the growth of its EM-2 family of products which are set to innovate the way critical wireless sensor data is transmitted from submerged environments to networks above.
The Series A funding round was led by a variety of investors including Scottish Enterprise, Archangels, British Business Investment and Par Equity.
The funding will be directed toward expanding CSignum’s engineering team, advancing its product portfolio and strengthening its market presence to meet the increasing demands for efficient, real-time monitoring solutions.
The Scotland-based wireless technology provider’s EM-2 solutions are capable of transmitting data via patented electromagnetic field signalling (EMFS) through environments such as water, ice, soil, rock and concrete to networks above the surface.
Key applications for EM-2 systems include water quality and environmental monitoring, wireless under-ship monitoring, and security applications for underwater infrastructure such as offshore wind turbines and oil and gas platforms.
Jonathan Reeves, chief executive at CSignum, explains how this latest investment will allow the company to scale. “This investment reflects the growing recognition of the critical need for innovative communication solutions in the underwater IoT sector,” he said.
“The support from our investors will allow us to scale our operations, enhance our product offerings and help industries worldwide manage their resources more effectively. We are grateful for their trust and excited to shape the future of underwater communication.”
Claire Cramm, investment manager at Par Equity, added: “CSignum’s ability to deliver reliable and cost-effective communication solutions for challenging environments sets them apart in the market.
“We are excited to partner with them as they expand their reach and capabilities.”
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