remocean was founded in 2010 as a spin-off from the CNR by Francesco Serafino and Massimo D’Ambrosio and is based in Naples, Italy. The company has developed a hardware/software system that uses mandatory X-band radars to analyze sea state parameters with high spatial resolution within a 3 nautical mile range of the radar sensor. Its product combines radar hardware and analytics software to deliver real-time sea state monitoring. remocean recently received a €1m equity investment from Atlante Ventures Mezzogiorno, which acquired a minority stake. The company intends to use the capital to grow and commercialize its solutions. No operating metrics were disclosed in the article.

Total raised

$1M

Funding rounds

1

Latest round

Equity

Latest activity

May 2012