Scottish startup CSignum, which enables wireless underwater data transmission using low-frequency electromagnetic technology, has raised £6 million in a Series A funding round led by Archangels, Par Equity, and Scottish Enterprise.
- Established in 2020, CSignum develops wireless communication systems that use low-frequency electromagnetic (EM) fields to transmit data through challenging environments such as water, ice, soil, and concrete.
- The firm's EM-2 platform supports real-time, bidirectional data transfer between submerged or buried sensors and surface networks, used in applications like environmental monitoring, ship diagnostics, and infrastructure inspection.
- The company also provides cloud-based tools for data analysis and works with clients in the UK, EU, and US to meet regulatory requirements such as AMP8.
Details of the deal
- The fresh funding was led by Archangels, an association of family offices, Scottish VC Par Equity, and Scottish Enterprise, a national and international economic development agency based in Glasgow.
- Raptor Group, Deep Future, SeaAhead’s Blue Angel Network, and US business angels also joined the round.
- CSignum will use the fresh £6 million Series A funding to expand its engineering team, advance its product portfolio, and strengthen its market presence to meet the growing demand for efficient, real-time monitoring solutions.
