Italian-based Wsense has secured €7.2 million in funding in a pre-Series B round led by Fincantieri.
The funding is set to accelerate the global expansion of the company’s underwater monitoring systems and wireless communication network technology.
The funding round was led by new investor Fincantieri, with participation from existing investors CDP Venture Capital SGR, SWEN Capital Partners, RunwayFBU, Axon Partners Group, and ocean-focused impact fund Rypples.
“This investment is another step forward in our innovation and digitalisation strategy,” said Pierroberto Folgiero, Fincantieri CEO and general manager.
“The Wsense technologies open up new possibilities for the monitoring and security of maritime infrastructures and act as key enablers for the advancement of the entire underwater domain.”
The announcement comes two years after Wsense raised €11 million in Series A funding, bringing the total raised by the company to more than €22 million since 2022.
This investment is another step forward in our innovation and digitalisation strategy.
Pierroberto Folgiero
Fincantieri and Wsense first partnered in December 2023. Since then, the companies have won three projects from Italy’s underwater research centre that aim to develop and implement better ways for devices to communicate underwater.
“With over €22 million 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.
Wsense was founded in 2012 as a spinoff of Sapienza University in Rome and provides solutions for underwater technology that allow different underwater sensors and autonomous vehicles to connect wirelessly.
“Fincantieri’s entry into Wsense’s capital represents a significant acknowledgment of the technological and strategic value of our solutions,” added Chiara.
“This transaction enables us to accelerate our industrial and commercial growth, reinforcing Wsense’s position as a key player in a sector that is crucial for the country’s security, sustainability, and competitiveness.”
