CSignum Secures £6M Series A Funding to Enhance Underwater Wireless IoT
Deal News | Apr 25, 2025 | Scottish Enterprise
CSignum, a pioneering company in underwater wireless technology, has successfully closed a £6 million Series A funding round. The funding, led by Scottish Enterprise, will drive the expansion of CSignum's EM-2 product line, which is instrumental in improving the transmission of wireless sensor data from submerged environments to surface networks. This transformative technology is aimed at extending IoT communications beneath the surface, facilitating critical data transfer in applications ranging from environmental monitoring to offshore energy. The investment signifies a strategic boost to CSignum's growth plans and underscores the potential of its innovative solutions in digital transformation of underwater communications.
Sectors
- Technology
- Telecommunications
Geography
- United Kingdom – Scottish Enterprise, based in the UK, leads the investment in CSignum’s technological advancements.
Industry
- Technology – CSignum operates within the technology sector by developing underwater wireless communication solutions to enhance IoT connectivity.
- Telecommunications – This investment focuses on improving telecommunications infrastructure by optimizing data transmission in submerged environments.
Financials
- £6 million – The total amount raised by CSignum in its Series A funding round.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| CSignum | Target Company | Company | A company specializing in underwater wireless technology to extend IoT communications. |
| Scottish Enterprise | Investor | PE Firm | A public body in Scotland providing funding to foster economic development in the region. |