Follow-on funding · Hardware
CSignum raises £2.6M follow-on funding
CSignum raised £2.6 million in follow-on financing, bringing cumulative funding to £8.6 million.
Archangels, PXN Ventures, Scottish Enterprise, British Business Bank and US angels participated.
The September funding will support commercial expansion, manufacturing scale-up and faster deployment of EM2 communications products. The company has moved from pilots into volume deployments with water utilities and appointed a new chief executive for its next growth phase.
Use of funds
Support commercial expansion and manufacturing scale-up and accelerate commercial deployment of the EM2 product portfolio.
Funding history
Follow-on funding · This round£2.6M