WSense raises €10M to scale subsea Wi-Fi and expand underwater IoT tech
Italian ocean technology firm WSense has secured €10 million in a pre-Series B funding round, fueling its expansion of subsea Wi-Fi systems and its Internet of Underwater Things (IoUT) platform. This investment underscores the growing importance of underwater data collection and communication, offering significant implications for various sectors. The funding, bringing total investment to over €25 million, reflects the increasing interest in deep tech solutions. WSense's patented technology facilitates real-time, secure, and cost-efficient transmission of ocean data, enabling communication between sensors and autonomous vehicles from different vendors. This allows for large-scale data collection. Indico Capital Partners and SIMEST joined existing backers, including CDP Venture Capital SGR, in the recent funding round. The company, led by Chiara Petrioli, employs over 80 engineers and researchers. The implications of WSense’s technology are broad, touching upon sectors such as underwater infrastructure monitoring, environmental tracking, and the development of autonomous robotic networks. Its systems support the energy transition and ocean protection. The company has offices in Italy, Norway, and the UK, with staff in France and the United Arab Emirates. With the new funding, WSense plans to accelerate the development of cutting-edge IoUT solutions to further their mission. The company is poised to capitalize on the increasing demand for advanced underwater technologies.
To provide multilingual access, this article summary was automatically generated.
Source Information
European Alternatives You Might Like
Mangopay
Mangopay is a payment infrastructure provider specializing in payments for marketplaces and platforms. It offers virtual wallet technology for managing funds, enabling features such as split payments, multi-currency support, and KYC/AML compliance. Key functionalities include automated payouts, transaction monitoring, and customizable payment flows. This service is primarily aimed at businesses that manage marketplaces, crowdfunding platforms, and sharing economy models and require complex payment solutions. Mangopay distinguishes itself by offering a flexible and scalable payment solution specifically designed for platform-based business models, allowing them to control cash flows and streamline payment processes.
Scaleway
Scaleway is a European cloud computing provider offering a range of services, including servers, storage, and networking solutions. Key features include bare metal servers, virtual machines, object storage, and managed Kubernetes. It's suitable for developers, startups, and businesses seeking cloud infrastructure for web applications, data storage, and various other workloads. Scaleway distinguishes itself through competitive pricing and a focus on European data sovereignty, with data centers in France and the Netherlands.