WSENSE, a Rome-based company known for underwater monitoring systems and wireless communication networks, announced a new funding round that adds €7.2M to its capital. The financing bolsters efforts to widen its operational reach while improving its technological suite. Additional details highlight plans for strengthening teams and market capabilities, reflecting a strategic move in the competitive underwater tech sector.
Will WSENSE Extend Its Underwater Network?
Can the New Funding Reinforce Its Competitive Edge?
WSENSE intends to utilize the capital to accelerate global expansion and advance its wireless communication technology. Recent financial disclosures echo earlier reports that placed the company on an upward trajectory following an €11M Series A round in 2023. Sources from varied industry channels have noted WSENSE’s steady progress and consistent funding growth, which supports its pursuit of market leadership.
The funding round saw participation from new investor FINCANTIERI as well as existing backers such as CDP Venture Capital SGR, SWEN Capital Partners, RunwayFBU, Axon Partners Group, and ocean-focused impact fund Rypples.
“With over €22M raised since 2022, WSENSE is now positioned to scale internationally, strengthen our team, and further consolidate our technological leadership in an increasingly competitive market”, said CEO Chiara Petrioli, Full Professor at Sapienza Università di Roma University and ocean tech pioneer.
The strategic mix of investors underscores confidence in the company’s ability to expand its underwater network and sustain robust growth.
Founded in 2012 as a spin-off from Sapienza University, WSENSE has developed solutions that connect underwater sensors and autonomous vehicles without cables. The company’s systems enable real-time data transmission across various aquatic environments, offering insights into water columns and seabeds. Its product portfolio supports monitoring operations and real-time surveillance that many stakeholders value.
Current reports indicate that WSENSE’s Internet of Underwater Things has transmitted over 1.6M data points from multiple European regions, covering diverse telemetry data. The technology serves environmental monitoring needs as well as operational optimization in the marine sector. By addressing technical challenges in underwater connectivity, WSENSE provides a foundation for improved asset management and cost-efficiency.
The expanded capital brings opportunities to reinforce market presence and enhance connectivity solutions within the Blue Growth strategy. Experts note that clear data integration and connectivity are key in industries where environmental and operational efficiency are priorities. The diverse investor base and historical funding rounds further emphasize a sustainable trajectory for the company.
