Wireless IoT Provider Completes Series A Funding Round
CSignum, a provider of wireless technology extending IoT communications beneath the surface, has completed a £6 million Series A funding round. The investment will accelerate growth of its EM-2 family of products, which are transforming the way critical wireless sensor data are transmitted from submerged environments to networks above.
The funding round was led by Archangels, Par Equity, and Scottish Enterprise, with additional investment from British Business Investment (BBI), Raptor Group, Deep Future, SeaAhead’s Blue Angel Network, and individual U.S. investors.
CSignum’s EM-2 solutions represent a breakthrough in wireless communication technology, capable of reliably transmitting data, via patented electromagnetic field signalling, through environments including water, ice, soil, rock and concrete to networks above the surface–an ability no other wireless method has successfully achieved to date. Key applications for EM-2 systems include water quality and environmental monitoring, wireless under-ship monitoring, and security applications for critical underwater infrastructure, such as offshore wind turbines and oil and gas platforms.
The company also offers CSignum Cloud, providing data services to complement its wireless systems. The company’s dashboard and analytics are successfully deployed on several river water quality monitoring projects.
CSignum works with customers in the U.K., EU and U.S. markets to address growing environmental regulatory requirements. With upcoming deadlines for compliance, including large-scale, real-time monitoring mandates under the AMP8 initiatives, the demand for innovative, wireless solutions presents a significant growth opportunity for CSignum and its EM-2 technology.